Skype’s Worthless Employee Stock Option Plan: Here’s Why They Did It
Long story short, Skype’s management team sure seem like greedy assholes.
It’s one thing to have the odd options-that-aren’t-really-options clause (which may actually be a good thing in limited cases). It’s another to invoke the clause by firing employees after your liquidity event, right before the deal closes.
After the Skype deal was announced, everyone seemed concerned that Microsoft was going to run the service into the ground. Now I’m not so sure that the Skype management themselves won’t be the ones to do it.
