Counterparties

By Felix Salmon
June 29, 2011
AllThingsD

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Whether or not you agree “Obama Has Finally Become Dick Cheney,” admin’s threat to jail James Risen is pretty troubling — Atlantic

Afghan central bank governor Abdul Qadeer Fitrat flees — BBC

Skype had a plain-English explanation of its evil options scheme all along — AllThingsD

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Comments
5 comments so far

Does it appear to you that the Skype slideshow is mismatched with what they did to Mr. Lee?

According to the slideshow, Skype would exercise options at the strike price at $255, or FMV, whichever was lower.

Doesn’t that imply that Skype valued its options at $0 just for Mr. Lee? Isn’t anyone else bothered by the label of someone who resigns, as “bad”? That’s granting the company unlimited power to arbitrarily hand out rewards and penalties.

Posted by GRRR | Report as abusive

That PPT definitely seems aimed at investors or other non-employees (legal disclaimer at the front, use of third person when talking about employees, “Good Leaver”/”Bad Leaver” language, etc.).

Now, that doesn’t mean it *wasn’t* shown to employees, but it raises the issue that this is more disinformation being sown by insiders via gullible blogs.

Posted by AngryInCali | Report as abusive

Reporting well after the fact, on bungling of projects is a person on the inside trying to make things better. To continue with an operation doomed to failure is just stupid. To continue with an operation that could accelerate the making of a Nuclear bomb, was beyond comprehension. If the leak thwarts such stupidity in the future how can that be a bad thing.

The very nature of the CIA, FBI and NSA invites hiring megalomaniacs who don’t much care about people and only the task at hand. Shouldn’t that mean when someone says this isn’t right, there are eople to confer with rather then an underling being brow beaten by his own lowly superior in the moment.

When there is no accountability for your actions, this kind of crap is what you get. And it doesn’t stop if the perpetrators do it again. The CIA needs an enema, badly.

http://www.huffingtonpost.com/2011/02/09  /at-cia-grave-mistakes-led_n_820627.htm l

I still hate the headline. Obama is no Cheney. I know journalists are trying to grab attention, but the headlines are getting stupider and people remember A even when you tell them B. And some people may not even read B because they think A says it all. (thinking about the Japan do not donate *cough* headline as I write)

Posted by hsvkitty | Report as abusive

One more thing about the Skype scam (and it is a scam): when you are fired because they are unhappy with your performance, that doesn’t always mean you are fired “for cause”. That is usually reserved for some kind of malfeasance, like stealing, lying, downloading porn to your work computer. If they just think you’re not doing a good enough job, it usually doesn’t qualify as “cause”, it would depend on the agreement where cause is defined.

In any case, it’s hard to believe that so many executives did such a horrible job, given that the company was being acquired for a sum that most people would describe as a huge success. If all those execs were underperforming, how did the company get sold for such a high price?

Posted by KenG_CA | Report as abusive

AngryInCali, I agree wholeheartedly. This talks about handling employees, not to the employees. The “deciders” wish to CTA (no not the financial meaning) and are spreading their cover back to those who called them evil.

By the way this presentation is set up, it was a power point shown only to select upper management to discuss how employees would be handled. Who saw the video? Were there follow up handouts and did everyone have to sign who was given information? Was there a follow up letter sent to each employee outlining the financial aspect and how it would affect them at their level?

The power point presentation isn’t going to be enough to make them look less evil… or be more likely to win their case, but it could help their cause if those who called them evil now say “Skype had a plain-English explanation of its evil options scheme all along,” because they obviously do not care if they are evil, they only care they are perceived as evil.

Posted by hsvkitty | Report as abusive
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