Silicon Valley Wakes Up to Clawback CultureBobbie Johnson
There’s been a storm over Skype ever since former employee Yee Lee let rip accusations that company investor Silver Lake Partners had screwed employees over in Skype’s $9 billion sale to Microsoft. Specifically, Lee was upset to discover that his stock options were subject to "clawback" provisions that made his stake in the company (which he had left before the sale) worthless.
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