Thread regarding Qualcomm Inc. layoffs

$300 Mil. stock based compensation reduction explained,

You will get laid off before Nov 20. Not only will you loose the last 1 year of vesting, but you will also loose all your other unvested RSUs in the 3 year pipeline.

$300 Mil saved, cashing! Some creative accounting, I must admit.

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| 444 views | | 2 replies (last July 27, 2015) | Reply
Post ID: @OP+CGPwCfJ

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The exec suite compensation plans have entirely different rules. When they get a grant, they are assured that they will cash in all of it, no mater what. Did you ever get to read their stock based compensation plan documents? Neither did I :-) And I own stock in this company! These people work for me, but I cannot access this vital information. Therefore I must conclude that stock ownership no longer means what it used to mean. It's just gambling nowadays.

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Post ID: @NzC+CGPwCfJ

This called ripping off employees...RSU meant as carrot to lure employees to stay with company but company can take it away before it vest by laying him off. In case of exec if if company let exec go even for cause their all option/rsu vesting accelerated..

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Post ID: @2Tu+CGPwCfJ

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