Google Employees To Be Able To Auction Options

In a move to possibly retain and gain employees, Google has developed a method for its non-executive workers to auction their vested options.

The system, that should be available April 2007, will allow to arbitrage their options.

The options offered in the auction could be sold at a premium as they would be used up to two years after purchase, providing large cashouts for employees. Investment analysts are split over the pluses and minuses of the venture. Though a Standard professor of law and business thought the idea should be adopted by more companies.

The San Franscisco Reporter calls it a novel way to cash in at Google.

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