yeeguy
Facebook dominates the language we use to talk about social networks
Re:Skype options turn out to be worthless
on Friday June 24, 2011 @07:16PM (#2694325)
I'm the guy in the article. So, I got a letter from the Skype HR folks indicating that if I were to persist on the path of exercising my options, then they would:
(1) exercise their right to repurchase the shares at grant-price, leaving me with net zero gain;
(2) demand tax withholding on the shares, valued at fair market value (substantially higher than grant price, given that the MSFT deal had already been announced)
The sum effect of 1 and 2 being net-zero gain on the shares, minus a large chunk of cash out of pocket tied up in a tax withholding account.
Terrible.
Re:How employees get screwed in private equity deals
on Friday June 24, 2011 @11:12AM (#2692507)
Yeah, I have asked other ex-employees to share their stories and most are either too scared to talk or have been NDA'ed by the company