RiskMetrics gets Starbucks to tighten stock plan ahead of proposed option exchange(0)
Starbucks, which wants to enact a “one-time stock option exchange” in light of its shares losing about three-quarters of their value over the last couple of years, decided to delete one sentence from its 2005 stock plan following “discussions with (shareholder advisor) RiskMetrics Group in connection with its review” of the shareholder approval it is seeking at the coffee retailer’s annual meeting next month.
You can read the offending sentence for yourself, but the gist is, Read the rest of this entry »
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