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Google Offers Innovative Stock Option Scheme
PreacherTom writes "In a bid to breathe new life into scandal-tainted stock options, Google plans to give employees a novel method of cashing in their options. The search giant will let employees sell their vested stock options to selected financial institutions in an auction marketplace it's setting up with Morgan Stanley. In the last year, employees and employers have been 'punished' by the IRS with new rules requiring options to show up as an expense on the bottom line. This has caused companies to tone down the granting of options. Google's move could once more significantly change compensation for employees in many industries, including tech." The new plan is intended only for Google employees, not executives. Google's motive is not saving money but rather continuing to retain employees with stock incentives in the face of considerable price volatility.
...maybe they could just pay them more.
The search giant will let employees sell their vested stock options to selected financial institutions in an auction marketplace
That's pure genius! Perhaps we could have professionals bidding on this market place and call them "auction brokers" and we can then have all these professionals work in a place we call the "auction exchange". We could then allow any company that meets certain standards to hold auctions on this market place and code different company auctions with a letter code we can call "auction ticker".
Imagine the possibilities.
Tell your friends about xenu.net
Nice try Google, I mean you can try to change compensation for tech employees but in the end, as the saying goes: The bubble-era vision of a Utopian Internet is dented and dirty... The Lexus has collided with the olive tree, and its crumpled hulk spins in a ditch as the orchard smolders.
Judges and senates have been bought for gold; Esteem and love were never to be sold.