“It’s disheartening and ominous that the highest law enforcement officer in the state is threatening legal action over something the First Amendment makes clear can’t give rise to criminal action against a reporter.”
He has testified for the federal government so often - and so successfully - that a 2013 law review article called him “perhaps the most ubiquitous of the United States expert witnesses.”
“I feel like I’m wasting my life. When I die, is anyone going to care that I earned an extra percentage point of return? My work feels totally meaningless. If you spend 12 hours a day doing work you hate, at some point it doesn’t matter what your paycheck says."
The report analyzed recent initial public offerings and identified 68 companies that gave employees stock options to buy about $1.5 billion worth of stock in the 12 month run up to the company's IPO. The fair market value of those shares, however, was an estimated $2.2 billion, based on a valuation model developed by academics.
The tax would apply to individuals that have a net worth of $50 million or higher - just outside of the reach of Warren's reported $8 million net worth.
