NNSquad - Network Neutrality Squad
[ NNSquad ] A Skype Story: How employees get screwed in private equity deals
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."
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--Lauren--
Lauren Weinstein (lauren@vortex.com): 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