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Archive for the 'stock options' Tag

Another day, another option exchange program…

Friday, June 19th, 2009

Lately, it seems like hardly a day goes by when some other company isn’t rolling out an option exchange program. The filings are virtually identical with stories of woefully overpriced options damaging employee morale. Footnoted regulars may remember that Google (GOOG) seemed to kick things off earlier this year with its option exchange program. But [...]

United Health still footing hefty legal bills on option back-dating…

Tuesday, May 5th, 2009

It’s been a little over three years since the WSJ broke the options-backdating scandal, which among other things, led to the removal of former UnitedHealth (UNH) CEO Charles McGuire. In December 2007, McGuire settled with the SEC and this past December, the SEC settled on several related matters.
But their have been numerous other lawsuits stemming [...]

So how many Googlers swapped their options?

Monday, March 9th, 2009

This morning at 6 a.m. PST was the deadline for Google (GOOG) employees to swap their options. As we’ve footnoted here, Googlers got several reminders that the deadline was approaching and lots of helpful information — slideshows, videos, and several email reminders, including one from CEO Eric Schmidt reminding employees not to wait until the [...]

Eric Schmidt to Googlers: Don’t wait on option exchange

Friday, February 20th, 2009

Two weeks ago, we footnoted about Google’s (GOOG) option exchange program which allows employees to trade in their underwater options for new ones — something that impacts about 85% of all employees. But judging by this email from CEO Eric Schmidt that was filed yesterday, there doesn’t appear to have been a stampede to exchange [...]

Google rolls out its option exchange program…

Wednesday, February 4th, 2009

Last month, Google (GOOG) announced an options exchange program that would let employees exchange their underwater options. In the announcement, Google estimated that about 85% of its employees had underwater options and told employees that “if you’re interested in learning more about this employee-only stock option exchange, we encourage you to read our related [...]