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That's how he ended up controlling, at one point, a big equity chunk of Nabors Industries, an oil services firm.
The total sum includes Elop's base salary, "management incentive" and an equity chunk that is currently valued using a Nokia per-share price of 4.12 euros.
While these new programs would definitely seem to indicate that the market has become frothy, what I haven't seen is venture capitalists giving up as much on the size of their equity chunk, something that Y Combinator's president Sam Altman has discussed before.
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As The Economist went to press, the government was in talks with Citigroup over what would in essence be partial nationalisation: the conversion into common equity of a chunk of its preferred stock, obtained in return for pumping capital into Citi last year.
Be aware, however, that the Woolwich mortgage is only available on loans worth up to 60 per cent of a property's value – so you'll need to have a considerable chunk of equity in your property to qualify.
Such incubators typically take a large chunk of equity, which may scare off the entrepreneurs with the best ideas.Recently idealab! announced plans to go public, highlighting a second trend that is helping to institutionalise the venture-capital industry.
The council gets an appropriate chunk of equity in the new home, which it can later sell back to the occupant or cash in if the property is sold.
For decades, experts have emphasized the need for a sizable down payment — a rule of thumb being 20 percent — on the premise that borrowers with a sizable chunk of equity in a home are less likely to walk away when things get bad.
If you want to start a restaurant, and you ask a bank for a loan, any sensible banker is going to insist that you put a sizable amount of money down — that is, that you have a significant chunk of equity in the business — before they lend you any money.
As chairman of both RIL and Infocomm, Mukesh has been criticised for rewarding himself with a chunk of equity worth about $1 billion, for granting himself and his wife Nita a 40.5% stake in Infocomm at a fraction of its value, and for boosting Infocomm's cash flows by getting RIL to inject $1.8 billion in preference shares on unfavourable terms.
Mr Kerkorian's offer assumes that Daimler will retain some of Chrysler's crippling health-care and pension liabilities and that the firm's employees will take a big chunk of equity in exchange for giving up some promised benefits.Overall, ESOPs seem to improve the performance of firms that have them, which may explain why they are increasingly popular.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com