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Sustainable Investment Authors: Pat Romanski

Related Topics: Sustainable Investment, SOA & WOA Magazine, AMD Virtualization Journal

AMD: Article

Intel Wants to Salvage Underwater Employee Stock

Claims it needs it to keep irreplaceable staff working on multi-year R&D projects

Intel has asked its stockholders to let it exchange employees' underwater stock options for new options with a lower strike price. It told the SEC Monday that it figures that 99% of employee stock options are sucking wind. It claims it needs it to keep irreplaceable staff working on multi-year R&D projects, although it's hard to know where they would go right now. The options of senior staff aren't included and the gambit would be cost-neutral. Google and AMD have taken similar action. Intel also said it was going to freeze the salaries of senior management and halt contributions to employee retirement funds and stock purchase plans. The vote should go down in May.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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