erratio comments on Open thread, 24-30 March 2014 - Less Wrong
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Comments (156)
That sounds backwards to me. It looks to me like they started at the round 2.0, set 20% in cash, 80% in stock, found that required 23.1m shares of facebook and rounded that to three digits to get within 2% of the 1.6 they wanted.
Also, the incentive pay of 300m is 15% of the fixed payment, less uncertainty than rounding to 1 significant figure.