Not kidding here. If any of you slashdotters are subscribed to groupon ; you have to do this - even if you sign up again later. It's worth it. Unsubscribe completely.
What you will see is a VERY clever "We're sorry to see you go..." screen with an awesome Easter egg embedded in there. They may have shot themselves in the foot with this. I want to unsubscribe again and again.
Except that in this case it was anything but. That's the trouble - stock options that give the company the right to revoke them (which is what buying them back at the issuing price means) are 100%, absolutely, completely worthless. This is akin to "selling oceanfront real estate in Arizona" - its a deceptive trade practice at best, and quite possibly illegal (we'll have to see after the lawyers finish fighting over it). The company got a lot of value in the form of retaining key employees because of this - there are often protections against such a one-sided contract, but IANAL.
FTA - apparently the stocks granted to Mr. Lee, formerly of Skype, the stocks may also be taxable! Meaning he will actually be financially liable for the buyback price Skype is covering. I understand that YANAL but if someone on here is, please explain to me how a scam like this is even remotely legal?
Credit ... is the only enduring testimonial to man's confidence in man. -- James Blish