There’s been a storm around Skype ever since former employee Yee Lee let rip and accused the company’s investors, Silver Lake, of screwing employees over in its $9 billion sale to Microsoft. Specifically, Lee was upset by the discovery that his stock options suddenly become subject to “clawback” deals that made his stake in the company (which he had left before the sale) worthless.
With Silver Lake on the ropes, everyone has been jumping in to get their punches in. Michael Arrington almost popped at the prospect of such sneaky clauses; Reuters super-blogger Felix Salmon got (rightly) angry about the way the fine print worked. All in all,this bare knuckle brawl sends a simple message: Clawbacks are bad, and they should be fought wherever possible.
To read the full, original article click on this link: Silicon Valley should wake up to clawback culture — Tech News and Analysis
Author:Bobbie Johnson
