Goodsounds wrote: > I'm not trying to be a nitpicker, but this isn't right either. > > Underwriters typically require key management to sign employment > contracts and agree to place restrictions on stock and option shares at > the time of an IPO. If they leave, they lose their stock, but the > restrictions lapse over time.
You are nitpicking, and this is way OT. Your explaination may be true in some cases, but its not true in general. In an IPO, the founders put up some of their stock, and keep some, usually most. Then there is the employment agreements, SEC rules for insider trading, etc. Its a lot more complicated than your simple example. But its common for founders to leave, or even retire. _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/mailman/listinfo/discuss
