Wednesday, December 13, 2006

Google unveils unorthodox stock option auction

CNET "Google plans to start an unorthodox stock options program in April that will allow employees to sell their vested options in an online auction, the search giant announced late Tuesday.
Traditionally, employees have two ways to deal with stock options: exercise (take ownership of) them once they have 'vested' and sell them at the current trading price, and pay back the company for their so-called strike price (that's typically the trading price the day the options were granted), or hold on to them after exercising them. "

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