Google has repriced the stock options for over 15,000 employees. All employees became eligible for the program that ended this past Monday.
The reprice stock came in at $308.57. As Google was priced at upwards of $747 over 12 months ago, the reprice option seemed too attractive for many employees to pass up.
Other shareholders are less enthused about it, as they are now stuck with their losses.
The repricing could end up costing Google as much as $400 million in accounting charges. Ouch.
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