Google amends stock options plans
Google's move to alter their stock option plan is unlikely to effect too many TW readers (except Mr Cutts). There are obviously serious problems with being filthy rich when the tax man notices you.
Quote:
Google has modified its stock-option plans to protect executives and employees from tens of millions of dollars in potential taxes and penalties that loom under proposed IRS rule changes.The Internal Revenue Service's new rules, due to take effect in 2007, are designed to ensure that companies and their employees pay appropriate taxes on stock options and some types of deferred compensation, such as bonuses. The rules could trigger taxes and penalties on options issued in the past but are still sitting in desk drawers unexercised.
- Y! MyWeb
I need problems like that!
:)