Since most dot.com millionaires don’t seem to be long out of short trousers, marriage is probably the furthest thing from their minds. But for the divorce lawyers and accountants that advise on financial settlements, the importance of ‘virtual’ share options hasn’t been missed. The plunging stock of tech companies – and the resulting increase in adolescent angst – might have raised a smile among those of us ambling along in the old economy. But there is no ignoring the fact that there’s still gold in them thar silicon hills – something not lost on Dragoslav Lazarevic. The Hacker Young partner recently advised the wife of a dot.com shareholder to accept shares in a divorce settlement instead of cash. A tad dubious at first given the uncertainty surrounding the future of dot.coms, the wife eventually accepted. Just as well for her that she did. It was later discovered that the technology-based company had real potential. ‘Their value might be worth #60,000 today, but could potentially be worth as much as #600,000 within two or three years,’ said Dragoslav. Until TS finally hits on that web idea that will make us millionaires – and it’s only a matter of time, we feel sure – we won’t worry too much.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel