Quote:
Originally posted by AcidMax
playa: I am one that had over 40,000 shares of WorldCom stock. Most were options, and the rest were purchased. I was a Sr. Manager with the organization for a while and received most of the options. Those options were worth about 1.2 million dollars and I saw them drop to $9 (per share) before I left, which was well below strike price. Even with splits and everything else, my options were worth shit, and these were supposed to be an incentive for people to stay on board. My WorldCom 401k is now worth only about $500 (no options), good thing I made other investments or I would be really screwed.
-AJ
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damn,, you are lucky,,, some people's life savings just goes under,, these execs need start doing some jail time and stop hiding behind their corporation