And also skis!
I have been known to chuckle GoPro’s way, even though I part own the company, but I should stop and not just because I’m getting rich off my six shares, though I am (up $1.15 a share). No. I should stop because CEO Nick Woodman is the most generous man on earth.
It has been recently uncovered, in the Bloomberg Reports, that the “Mad Billionaire” honored a freshman in college word of mouth promise to his UC San Diego roommate. The promise was not for a hamburger or even a cheeseburger. The promise was for 10% of the proceeds he received from the sale of the company’s shares. Do you know how much that is? $229 million dollars is how much.
His roommate, Neil Dana, still works for GoPro in the music department, or somewhere, but maybe not for much longer.
And it is truly amazing to give someone $229 million dollars based on a word of mouth promise. What did Neil Dana do ten years ago? I have no idea and neither does anyone else but for $229 million dollars anything would have been worthwhile. Anything at all.
Also uncovered in the same report is that Nick Woodman is the highest paid CEO in America. He made $285.3 million dollars in 2014. That is more than Ralph Lauren, Robert Iger and James Dimon. And they said “action sports” was in decline. Pssssshhhhhht. Kooks.
Unfortunately, our children’s children will be the only ones left to see it. And it will be given a 6.7 by a WSL judge when it is first done in competition 20 years after that.