Google offers workers cheaper shares

Better profits

By Nick Farrell

Fri Jan 23 2009, 08:52

SEARCH OUTFIT Google is permitting is workers to swap their stock options for new ones that will give them a better chance to make more money.

Over the last year Google's stock price has fallen 47 per cent. The plan is that employees will be given the chance to turn in shares, for which they would have had to pay old prices of $400, and get new ones for $300 each.

Google set aside some $460 million in ita latest quarterly report to finance the scheme. µ

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Google offers workers cheaper shares

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