Google offered its employees the chance to exchange their underwater options (the company estimated that 85 percent of its employees hold at least some options where the current strike price is higher than where its shares are now trading, rendering them worthless at the moment), according to Read the rest of this entry »
“One clear sign of the challenging economic environment we face is the decision by executives to take a pay cut,” according to a survey of executive pay practices by Equilar, the Redwood City information services firm that mines SEC filings for compensation data.
Of course, another “clear sign” might be the accelerating rate of layoffs. Newly announced plans to eliminate another Read the rest of this entry »
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