More companies propose exchanging soggy options for employees(0)
Two more Silicon Valley companies joined the ranks of those offering to exchange some of their employees underwater options with options repriced at more current market rates. On Friday, Smart Modular, the Fremont maker of electronic subsystems, filed its preliminary proxy, which included a proposal to reprice options for its employees — those that are left after the company finishes laying off the 19 percent of its workforce that it said it would back in September.
Under Smart Modular’s proposal, certain employees would be permitted to exchange options with an exercise price higher than Read the rest of this entry »
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