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Zuckerberg plans to finance the endeavor using his stock options.
According to documents filed with the bankruptcy appellate panel of the United States Court of Appeals for the Ninth Circuit, Mr. Gordon brought in new partners from Nashville in 1999 and borrowed several million dollars from them, using his stock as collateral.
Shortly before Internet stocks began to tank, Musser secured a $10 million loan from Safeguard by using his stock and real estate assets as collateral.
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Instead, he can simply use his stock as collateral to borrow against his tremendous wealth and avoid all tax.
Having said that, Mr. Faber said he thought Mr. Li was wise to use his stock to bid for a company with genuine assets.
He used his stock options to buy a used Hummer eight months ago, but not before he agreed to a demand by his wife that he first pay off the mortgage.
In the late 1970s, Nadir took control of listed shell company Polly Peck, and used his stock market status to raise the cash to set up a Northern Cyprus fruit-packing subsidiary, Sunzest, and Unipac, a cardboard box factory, via a share issue.
Then he used his stock to make his boldest push yet into power.
Then he used his stock to make his boldest push yet.
After a six-year tenure at Microsoft, where Jain served as program manager on OS/2 and then as a developer on MS-DOS, Windows NT and Windows 95, he used his stock options for the 1996 launch of InfoSpace, a provider of content and infrastructure to web sites.
Successful startups like Facebook have given their employees ownership of the company: Mark Zuckerberg, for instance, used his stock options to bring in the greatest programmers and individuals.
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