Ex-Nvidia Advisor Says the Company Owes Him $1 Billion in Stock, but Nvidia Disagrees
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4 Articles
Ex-Nvidia advisor says the company owes him $1 billion in stock, but Nvidia disagrees
According to Gullichsen, he was granted 25,000 stock options in 1993 after demonstrating his fast implementation of biquadratic texture mapping to Nvidia co-founders Jensen Huang and Curtis Priem, technology detailed in a US patent on which he is a named inventor.Read Entire Article
This story shows that even a seemingly minor documentation error can, decades later, become astronomically valuable. Eric Gullichsen, a technology entrepreneur and one of the pioneers of virtual reality, claims that NVIDIA owes him... Full version of the page: https://ithardware.pl/aktualnosci/nvidia_eric_gullichsen_miliard-54515.html
Eric Gullichsen, an early technical advisor at NVIDIA, has revealed that he missed out on exercising stock options for 9,375 shares due to an error in a notice he received from the company in 1996. According to him, the value of the shares he missed out on is approximately $1 billion (about 157 billion yen) at the time of writing. However, he has decided against pursuing legal action, judging that the statute of limitations would be an obstacle.…
Early Nvidia advisor says he's owed $1 billion in stock due to a 1993 vesting error, but Nvidia rejected settlement — 480x stock splits amount to around 4.5 million shares after splits
The 9,375 disputed options would have cost $468.75 to exercise in 1996, but he and his lawyers agreed that the statute of limitations worked against them.
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