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To: JGoren who wrote (29366)5/7/1999 7:59:00 AM
From: marginmike  Read Replies (1) | Respond to of 152472
 
Let us not forget that those engineers worked for a division that lost 150 million a year. It is their removal that has made their options worthwhille. If they hadnt been sold they would have been layed off. Would they be vested if they were fired for poor performance?



To: JGoren who wrote (29366)5/7/1999 11:54:00 AM
From: w molloy  Read Replies (2) | Respond to of 152472
 
jgoren : Options

J - Your statements appear speculative.

Do you have access to the option grant letter? If so, publish it.
I would be very interested to see the treatment of unvested options.

I repeat, the standard practise is for all options to be vested if a division is sold.

w.



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