Amid the recent scandal over the backdating of stock options, another options practice — a perfectly common and legal one — is also raising questions.
Jack Ciesielski, publisher of the Analyst’s Accounting Observer newsletter, has done an examination of accelerated options vesting, in which companies decide to make employee stock options instantly exercisable, scrapping the previously agreed-to waiting period. As reported Tuesday in The San Francisco Chronicle, he found 887 companies that accelerated vesting in the past two years.
Tuesday, August 22, 2006
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