Monday, February 18, 2008

Option Reprice Wave Builds

"With top executives and rank-and-filers at many U.S. companies holding now-worthless stock options, the time seems right for a round of repricing. New rules requiring companies to get the blessing of shareholders, themselves freshly gored by falling stock prices, will force boards to devise friendlier, or at least less objectionable, ways to pitch the controversial practice."

409A not discussed, but see Preamble to final regulations relating to re-pricing options.

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