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Is Skype terrible?

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http://techcrunch.com/2011/06/26/skypes-worthless-employee-stock-option-plan-heres-why-they-did-it/

Talks about the recent firings of its employees, just before the sell-off/acquisition, and the shady stock practices they might have used with their own employees. Very interesting read, and I do believe we'll be hearing more about this very soon. In fact, it could hold Skype coming to the 360 and other places.

We already do take this kind of thing all the time though. Different levels of it, in most cases, but we do. This one is only coming to light because of how big the merger really is.

I'm willing to bet that the AT&T/T-Mobile merger will have something very similar to this. Just not with the claw back stock option scenario.

  • Author

That stock option really bothers me. As the author states in that article, employees who had known about it, surely would have saw it as the worthless POS it was, and wanted more salary. Only low totem employees would be fine with it. People new to the work force, or young, that are just excited to have a job, and not read the fine print in their contracts.

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