Retain and Motivate--the New Buzzword to Inequity
Underwater Stock Options Get a Lifeline From Firms
By Tomoeh Murakami Tse Washington Post Staff Writer Saturday, March 7, 2009; D01
Nearly 100 companies have undertaken programs that allow employees, many of them executives, to exchange sharply depreciated stock options for new awards with more generous terms.
The companies, from Google to Silver Spring-based United Therapeutics, argue that the exchange -- which increases the chances that executives will be able to collect rewards even though the company stock has plummeted -- is necessary to retain and motivate personnel.
--read entire article-- ____________________________________________________Dozens of my friends are motivated to stay in their places of employment without stock options--particularly re-priced options that give to them an unfair advantage over their peers and investors. You probably know an ever-widening pool of acquaintances (possibly yourself among them) who are worried about holding on to their jobs as 10, then 20,…