Rambus Inc., late Christmas

Timing . . . it's a bit late for Christmas presents, but that doesn't stop Rambus Inc. from passing out the options like it is.

Harold Hughes, 250,000 at $18.69, vesting over five years.
Kevin Donnelly, 60,000 at $18.69, vesting over five years.
Satish Rishi, 100,000 at $18.69, vesting over five years.
Mark Horowitz, 16,000 at $18.69, vesting over five years.
Laura Stark, 60,000 at $18.69, vesting over five years.
Michael Schroeder, 40,000 at $18.69, vesting over five years.
Sharon Holt, 80,000 at $18.69, vesting over five years.

The compensation committee is able to get its job done. It is a pity that the audit committee is not able to do the same.