Corporate
Jul. 22, 2014
Attorneys oversee resurgence of secondary markets for employee options
Instead of a free-for-all, as occurred when some Facebook Inc. employees sold their shares before the company went public, workers now can sell through structured programs authorized by their employers.
Daily Journal Staff Writer
PALO ALTO - The practice of issuing vesting stock options to employees has long been a hallmark of the startup world. But a newer, interrelated trend is starting to leave its own mark on the community of growing businesses. As many companies opt to wait longer to conduct initial public offerings, the pressure to provide employees with the opportunity to cash in on the stock to which they're entitled has...
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