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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: stock options

stock options stories: 13 news summaries

(Newser) - Citigroup will raise salaries for investment bankers and traders as much as 50% to offset a steep falloff in bonus pay and keep the company’s compensation package competitive, Bloomberg reports. Other employees, like those in the consumer banking section, will receive smaller raises. Citi, which took $45 billion in... More »

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Citigroup • executive compensation • salary • Citibank • investment bankers • bonuses • stock options • financial crisis • Wall Street bailout • traders • raise

ANALYSIS

Banks Lowball Taxpayers on TARP Payback

Feds hold stake after emergency loans, and could profit by waiting

May 19, 09 10:55 AM CDT
(Newser) - US banks are eager to repay their TARP money, but doing so might rob taxpayers of the upside they were originally promised, the New York Times reports. In exchange for emergency loans, the government got 10-year warrants to buy stock in the banks. If repaid, it must sell those warrants.... More »

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Treasury Department • stock options • banking industry • Troubled Asset Relief Program • TARP • Old National Bancorp

(Newser) - The business world’s dependence on its own form of gambling—the “expectations,” or stock market—helped fuel the current financial crisis and the dot-com crash, writes Roger Martin in the Financial Times. “Neither would have happened if our business and capital markets theories had been as... More »

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NFL • executive compensation • shareholders • financial markets • stock options • financial crisis • Jay-ZTV

Firms Reprice Employees' Worthless Stock Options

Repricing plans toss lifeline to 'underwater' stock option holders

Mar 7, 09 11:12 AM CST
(Newser) - Major firms are trying to boost morale by giving workers another chance to profit on stock options made worthless by the stock market dive, the Washington Post reports. Many employees—especially execs—are currently stuck with "underwater" options with a strike price above the trading price. Close to... More »

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Google • Starbucks • executive compensation • shareholders • shares • bear market • stock options • stock price

Vast Madoff Options Scheme Didn't Add Up

SEC unfurls $50B scam that should have been obvious

Dec 16, 08 8:59 AM CST
(Newser) - For every detail that emerges from the 17th-floor office of Bernard Madoff, two more inconsistencies arise. A federal judge ordered the liquidation of Madoff’s eponymous investment firm and a federal agency has begun to try to compensate clients. Meanwhile, scrutiny of clients'  financial statements shows Madoff's stated strategy of... More »

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private equity • trading • stock options • defrauding investors • hedge funds • Bernard Madoff

Execs Cashed Out as Subprime Giant Staggered

Irregular trades by execs at doomed subprime firm raise questions

Nov 26, 08 9:10 AM CST
(Newser) - Bosses at one of the country's biggest subprime lenders made some suspicious stock sales as the firm's mortgages soured, a Los Angeles Times investigation reveals. Records show that executives at now-bankrupt New Century Financial sold nearly $20 million in company shares shortly after setting up new trading plans, often within... More »

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Department of Justice • executive compensation • insider trading • subprime mortgages • stock options • New Century Financial • subprime lender

Ex-Broadcom Boss Charged With Drugging Exec Drinks

Dozens of drug, fraud charges for billionaire

Jun 6, 08 5:27 AM CDT
(Newser) - Broadcom's co-founder has been indicted on an astounding spate of federal fraud and narcotics charges, the Wall Street Journal reports. Henry Nicholas III is accused of using and distributing drugs over a seven-year period while directing a criminal stock options-backdating conspiracy that cost the firm billions. Prosecutors claim he secretly... More »

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CEO • drugging • drug abuse • stock option backdating • stock options • federal indictment • Broadcom • backdating scandal

Apple Shareholders Demand Say on Executive Pay

Union proposal OK'd at annual meeting

Mar 5, 08 4:03 AM CST
(Newser) - Apple shareholders have approved a motion giving them some input into executive pay levels, the San Francisco Chronicle reports. "I hope it will help me with my $1 a year salary," quipped CEO Steve Jobs after the vote at the company's annual meeting—though Jobs bags millions of... More »

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Steve Jobs • executive compensation • shareholders • Apple • salary • AFL CIO • stock options

UnitedHealth's Ex-CEO Will
Pay Back $620M

Ousted Maguire settles claims over backdating stock options

Dec 6, 07 9:59 PM CST
(Newser) - UnitedHealth's ex-CEO will surrender another $420 million in stock options and retirement pay to settle claims in a scandal over stock-option backdating. William McGuire already had forfeited $200 million to UnitedHealth when he was ousted last year, the Wall Street Journal reports, making his giveback one of the largest in... More »

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health insurance • CEO • health care industry • corporate earnings • corporate responsibility • stock options

Google Masseuse Is
a Millionaire

Early shareholder muscled into ranks of 1000+ workers worth millions

Nov 12, 07 9:15 AM CST
(Newser) - Google’s first in-house masseuse has cashed out the last of her stock options and joined the ranks of the company's multimillionaires, reports the New York Times. Bonnie Brown joined Google when it had just 40 employees in 1999, and when she retired 5 years later, her stock options were... More »

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Google • millionaires • stock options • masseuse • Bonnie Brown

Oracle CEO Sells Off $500M, With More To Come

But investors aren't worried as
Ellison liquidates 26 million shares

Oct 31, 07 11:10 AM CDT
(Newser) - The CEO of Oracle sold off half a billion dollars of stock, but analysts contend that the liquidation shouldn't worry investors. Markets noticed when Larry Ellison sold 26 million shares of the software company he founded in 1977. But the Wall Street Journal writes that past sell-offs haven't triggered broad... More »

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insider trading • Larry Ellison • Oracle • stock options

Will Costly Options Hurt Facebook?

High valuation from MS could slow recruiting in Silicon Valley

Oct 28, 07 10:16 PM CDT
(Newser) - Microsoft's recently purchased stake in Facebook may make it harder for the social networking site to hire talented employees, reports the Wall Street Journal. By selling a 1.6% stake for $240 million, Facebook increased its valuation to $15 billion, in turn radically increasing the cost of stock options, which... More »

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social networking • Google • Microsoft • Silicon Valley • Facebook • employment recruiting • stock options

Stock Options Make for Risk-Happy CEOs

Outright ownership leads to more cautious executives, study shows

Oct 13, 07 2:59 PM CDT
(Newser) - Companies compensating their CEOs with stock options should prepare for a bumpy ride, as those CEOs are more likely to take big chances that backfire, a new study finds. Shareholders took extreme losses from more than 10% of option-heavy CEOs, compared to 6.8% who saw big gains. The study's... More »

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CEO • stock options

13 Stories


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