A Skype Story: How employees get screwed in private equity deals
http://j.mp/maPs4A (FrameThink) "... compensation and stock policies in PE-owned firms can be very heavily tilted in the owners' favor and against the employees. Skype employees have 5-year vesting of stock options, for example, not the usual 4 year schedule that most Valley firms have. Even worse, Skype's stock option agreement had special clauses that the Board had slipped in that gives them the right to "repurchase" any vested shares for anyone who leaves the company voluntarily or is terminated with cause - effectively taking "vested" shares and making them worthless." - - - --Lauren-- Lauren Weinstein ([email protected]): http://www.vortex.com/lauren Co-Founder: People For Internet Responsibility: http://www.pfir.org Founder: - Network Neutrality Squad: http://www.nnsquad.org - Global Coalition for Transparent Internet Performance: http://www.gctip.org - PRIVACY Forum: http://www.vortex.com Member: ACM Committee on Computers and Public Policy Blog: http://lauren.vortex.com Twitter: https://twitter.com/laurenweinstein Google Buzz: http://j.mp/laurenbuzz Tel: +1 (818) 225-2800 / Skype: vortex.com _______________________________________________ pfir mailing list http://lists.pfir.org/mailman/listinfo/pfir
