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Public Wire

Google Employees Watch In Horror As 60 Percent Of Their Stock Options Drown

The entire stock market is taking another drubbing today, and Google is no exception. Its shares tried to rally in the morning, but are now trading below the $329 they closed at yesterday. Thats a key price level Google employees are watching because a huge chunk of their options (1.7 million across the company) were granted with a weighted average exercise price of $329.78. The options are worthless under that price. In addition to that, there are another 5.7 million options that were gran....

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on Oct 10, 08

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