Skype’s Worthless Employee Stock Option Plan: Here’s Why They Did It

http://techcrunch.com/2011/06/26/skypes-worthless-employee-stock-option-plan-heres-why-they-did-it/

Skype is being criticized for terminating employees immediately prior to the closing of the Microsoft acquisition, and people are assuming they’re doing this to keep the value of those employees stock options. Skype’s response boils down to saying that the employees were fired because they weren’t good employees, and that the value of the stock is negligible and didn’t affect the decision making process. Skype did things differently. With Skype stock options the company has the right to not only terminate unvested options, but also vested ones. And any vested options that you’ve exercised (meaning you paid cash for them) that were turned into actual shares could simply be bought back by the company at the price you paid, regardless of their current value.
Tags: skype, via:packrati.us, fraud, option, startup, stock, compensation, options, stockoptions, via:zite Saved by: admin

Renkoo Nails $3m in Funding
Test
http://www.techcrunch.com/2006/04/13/renkoo-nails-3m-in-funding
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Subscription Music Services Compared: Part 2
http://www.techcrunch.com/2006/04/11/subscription-music-services-compared-part-2
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TechCrunch
http://www.techcrunch.com
Tags: web2.0, web, twitter, technorati-top-10, technology, tech, tagging, subscribed, startup, software Saved by: admin

TechCrunch » Top Five Web 2.0 Venture Capitalists
http://www.techcrunch.com/2005/10/19/top-five-web-20-venture-capitalists
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Techcrunch
http://www.techcrunch.com
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