Today's Hard|Forum Post
Today's Hard|Forum Post

Monday June 27, 2011

Skype's Executive Compensation Conundrum

I learned a new phrase today..."clawback." It is what company do when they want to screw you out of vested / unvested stock options you "thought" you had.

Yee, who says he worked in Silicon Valley for more than 15 years, learned that the company's stock option agreement had a special "clawback" clause that gives the company the right to "repurchase" vested shares from any employee who voluntarily resigns or is terminated for cause --"effectively taking 'vested' shares and making them worthless," he said.