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GoPro's CEO Big Loss After Making Bigger Promises
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14.05.2015
Billionaire Nick Woodman’s fortune dropped $229 million this week after he fulfilled a promise made to his college roommate more than a decade ago.
Woodman, whose net worth will fall to $2.3 billion, according to the Bloomberg Billionaires Index, was awarded $285.3 million in 2014 compensation, making him the highest-paid U.S. executive.
According to a regulatory filing the GoPro Inc. founder returned 4.7 million shares to the San Mateo-based camera maker on May 11, . He agreed in 2011 to repay the company for stock options it granted to Neil Dana, who attended the University of California at San Diego with Woodman and was GoPro employee No. 1.
Jeff Brown, a spokesman for GoPro, declined to comment.
Woodman, whose net worth will fall to $2.3 billion, according to the Bloomberg Billionaires Index, was awarded $285.3 million in 2014 compensation, making him the highest-paid U.S. executive.
According to a regulatory filing the GoPro Inc. founder returned 4.7 million shares to the San Mateo-based camera maker on May 11, . He agreed in 2011 to repay the company for stock options it granted to Neil Dana, who attended the University of California at San Diego with Woodman and was GoPro employee No. 1.
Jeff Brown, a spokesman for GoPro, declined to comment.
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