Intel: No More Stock Options For Employees
A Reuters newswire article, via CNN/Money, reports that:
Intel Corp. said on Friday it will stop giving stock options to many employees, ending a decades-long practice that the world's top chipmaker helped pioneer in the early days of Silicon Valley.
Starting in April, Intel will limit stock options to its more senior staff and introduce restricted stock units, essentially grants that are backed by actual shares and vest over a period of years, for other employees.
Some employees will get a mix of options and the new stock units, Intel's head of compensation and benefits, Gaby Thompson, told Reuters.
posted by Fergie @ 12/17/2005 11:46:00 AM
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