wbmw, it isn't tied as a formula going foward, but that 10 to 1 ratio is the precise calculation of the 300,000 standard options to 30,000 restricted shares named in the agreement. To argue against that is to miss the point - the great bulk of the share grants are at market price, the 1c shares are a small part. That is a much different picture than that drawn by a few posters here who pointed out the exorcising of 1c shares, without even acknowleging that this is a small part of the package!
Another thing to note - both Intel and AMD grants based on 2000 prices are now underwater. So, for execs of either company, they are not seeing benefit from options granted during this time. (I think Intel did have a option repricing in 2001, I'm not sure whether those shares are above water yet.)
Bottom line: Looks like a reasonable signing bonus to me, when all the factors are considered. Shareholders are not being fleeced, as alleged.
Market Data 
Markets 
AI
