Friday, 15 May 2015

GoPro CEO’s promise to a college friend just cost him $229 million

GoPro CEO’s promise to a college friend just cost him $229 million

Woodman was handing back shares as part of an agreement he struck with his college roommate. GoPro’s top executive Nick Woodman, the highest paid CEO in the U.S., is generating headlines for keeping his word — even if it costs him millions of dollars. Woodman, who steers camera maker GoPro GPRO 1.54% , saw his fortune drop by $229 million this week after he returned 4.7 million shares to the company, according to a Bloomberg report.
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