Posted by admin on April 17th, 2009 at 7:22 pm | Categorized as Docu-Drama, Google, Options | Tagged as Executive Pay, Google, Options, Transferable Stock Option program
Somewhat lost among the news about Google’s first sales decline ever in its 2009 first quarter and the decision of the company’s first salesman, Omid Kordestani to step down — he’ll continue on as an advisor to the company’s chief executive and co-founders — was news of the filing of an amendment to the company’s innovative “Transferable Stock Option” program.
The program, first unveiled in April 2007, was designed to let workers auction off their Read the rest of this entry »
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Posted by admin on October 20th, 2008 at 6:08 pm | Categorized as Departures, Hirings, SumTotal Systems | Tagged as Departures, Executive Pay, Hirings, Options, SumTotal Systems
SumTotal Systems, the Mountain View developer of personnel training and management software, said Monday that its chief executive, Don Fowler, 70, was retiring, effective Nov. 1, although he would continue as a “business advisor” to the company through his official termination date on Dec. 31.
Fowler’s transition agreement includes changes to his option terms so that Read the rest of this entry »
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Posted by admin on July 22nd, 2008 at 1:25 pm | Categorized as Backdating, SEC, Selectica, Uncategorized | Tagged as Backdating, Departures, Hirings, Options, SEC, Selectica
Selectica got some good news sent its way earlier this month from the San Francisco office of the Securities and Exchange Commission, which told the company that an informal investigation it had undertaken into the company’s past stock option granting practices “has been terminated, and Read the rest of this entry »
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