Monday, January 26, 2009
Reset Option
In an effort to raise company moral, Google has announced that it will allow more than 8 million stock options held by more than 17,000 company employees to be exercised at lower prices, but the company extended the vesting period for those options by one year. Starbucks has already joined the repricing bandwagon, although not as generously as Google. 72 percent of the Fortune 500 companies could follow suit in that their employee options are underwater.
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