Transcript · English → Japanese
English → Japanese transcript
株式オプションって知って
る？うん。
うん。うん。
それって…ない？わかった。
じゃあ、えっと…その…
すごく手短に言うと。
こういうことができるんだ。
誰かが君の会社で働くことに
なったら、その人に
会社の株を少し買
わせてあげられる。
問題は、その人が１０
万ドル払わないといけ
ないかもしれないことだ。
君の会社の株を買うためにね。
もし会社がつぶれたら、
その人はそれまでの貯金とかを
全部失うかもしれない。
だから、それじゃうまく
いかない。だから代わり
にどうするかというと…
誰かが入社したときに、
例えば株価が１株１０ドル
で取引されていたとする。
その人に株を買う「権利
」をあげるんだ。
ええと、そうだな、
１０００株とか１万株を１
株１０ドルで買える権利。
でもその人は…
そのオプションを行使する
までに４年間の猶予がある。
だから、株価が下がる
かそのままだったら、
その人は決して行使
しない。彼らはお金
を出す必要がなくて、何
も失うことがないんです。
でももし株価が１株１００
ドルになったら、銀行に
行って簡単に借金をして、
価値が１００ドルの株を１０
ドルで買えるわけです。
その、お金を用意し
なくてよくて、
リスクも取らなくていい
という特権と
引き換えに、
そのストック
オプションを行使
できる権利
を、年に２５％ずつだけ与える
ようにしているん
です。そうすることで、
株価が上がれ
ば実質４年間、
人を会社につなぎとめる
ことができます。かなり
標準的なやり方で、
多くの人たちがそ
うしています。
それで、
上場する前は、
アップルの株
の８０％
以上を社員
が持っていました。
ええ、今は、社員が持って
いるのは５０％
以上だと思います。
多少大きな持ち株
もありますが、
それでも…ええ。
そして改めて、
アップルで人を動かし
ているのはファイナンス
だとは思っていません。
お金じゃないんです。でも会社
の一部を自分が持ってい
てここは自分の会社なんだ…
と感じること…
そしてもし何か気づいたら…
いつも皆に言っている
のは「あなたはまずAppleの
ために働きその
次に上司のために働く」
ということです
私たちはその考えをかなり
強く信じていますそして
それがその姿勢を本当に
強化する傾向があります
End of transcript · 480 words · machine translated
Original transcript (English)
You know what stock options are? Yeah. Yeah. You know what stock options are? Yeah. Yeah. Yeah. Is that... Yeah. Is that... No? Okay. Well, ba... real... very quickly.
What you could do is, if somebody came to work for your company, What you could do is, if somebody came to work for your company, What you could do is, if somebody came to work for your company, you could let them buy some stock in the company. you could let them buy some stock in the company.
The problem is, they might have to shell out a hundred thousand dollars The problem is, they might have to shell out a hundred thousand dollars The problem is, they might have to shell out a hundred thousand dollars to buy stock in your company. If your company went broke, to buy stock in your company. If your company went broke,
they'd lose all their life savings or whatever. they'd lose all their life savings or whatever. they'd lose all their life savings or whatever. And uh, so that doesn't work. So what you do is you... And uh, so that doesn't work. So what you do is you...
when somebody comes to work, let's say the stock's trading at ten dollars a share, when somebody comes to work, let's say the stock's trading at ten dollars a share, when somebody comes to work, let's say the stock's trading at ten dollars a share, you give them the option to buy you give them the option to buy
you give them the option to buy uh, you know, a thousand or ten thousand shares at ten dollars. But they don't... a thousand or ten thousand shares at ten dollars. But they don't... they have four years to exercise that option.
they have four years to exercise that option. they have four years to exercise that option. So if the stock goes down or stays the same, they never exercise it, So if the stock goes down or stays the same, they never exercise it, they don't have to put up any money, they don't lose anything.
they don't have to put up any money, they don't lose anything. they don't have to put up any money, they don't lose anything. But if it goes to a hundred dollars a share, they can easily go out to a bank and But if it goes to a hundred dollars a share, they can easily go out to a bank and But if it goes to a hundred dollars a share, they can easily go out to a bank and
borrow the money to buy it at ten 'cause it's worth a hundred. borrow the money to buy it at ten 'cause it's worth a hundred. In exchange for that privilege of not having to have them put up any In exchange for that privilege of not having to have them put up any In exchange for that privilege of not having to have them put up any
money and take any risk, money and take any risk, we only dole out their ability to exercise that stock option we only dole out their ability to exercise that stock option 25% a year,
thereby locking in people really for four years if the stock goes up. thereby locking in people really for four years if the stock goes up. thereby locking in people really for four years if the stock goes up. It's a pretty standard thing, a lot of people are doing it. It's a pretty standard thing, a lot of people are doing it.
It's a pretty standard thing, a lot of people are doing it. And before we went public, And before we went public, And before we went public, um, over 80% of Apple was owned by the employees. Uh, right now I'd say
um, over 80% of Apple was owned by the employees. Uh, right now I'd say over 50% of Apple is owned by the employees. over 50% of Apple is owned by the employees. There's some larger blocks in there, but still. Um, and again, There's some larger blocks in there, but still. Um, and again,
There's some larger blocks in there, but still. Um, and again, I don't think finance is what... what drives people at Apple. I don't think finance is what... what drives people at Apple. I don't think finance is what... what drives people at Apple. I don't think finance is what... what drives people at Apple.
I don't think it's money. I don't think it's money. But feeling like you own a piece of the company and this is your damn company... But feeling like you own a piece of the company and this is your damn company... And if you see something...
And if you see something... We always tell people, you work for Apple first and your boss second. We always tell people, you work for Apple first and your boss second. We feel pretty strongly about that. We feel pretty strongly about that.
And it tends to really reinforce that attitude. And it tends to really reinforce that attitude. And it tends to really reinforce that attitude.
