Presentations

Yuri Tserlukevich, Arizona State University, USA, and Hong Kong University of Sciense and Technology, HK SAR, China| 26.08.2017

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions

How labor is affected by mergers and acquisitions?
Can wealth transfers from labor to shareholders be a source of takeover gains?

  • More specific focus: The treatment of ESOs held by rank-and-file employees at target firms
  • ESOs are a large part of compensation packages (particularly at high-tech firms)
  • ESOs can often be treated with discretion