Wednesday, September 03, 2008

Rambus Inc., explains second round of RSUs

After allowing shareholders to fume overnight, Rambus Inc. explained why it awarded certain Section 16 officers and other executives a second round of restricted stock units in 2008 - "to retain certain key talent, stabilize the workforce post-restructuring, and incentivize both short and long-term commitment of the workforce to the company." 

Cash bonus payments in 12 and 24 months will be made to about 23 percent of the worldwide workforce that remain with the company in good standing. Restricted stock units will be distributed to approximately 8% of the worldwide workforce.

Donkey Note:
It costs to retain the best and the brightest - hopefully, those are indeed the employees that remain . . . 

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