Restless Workers in Silicon Valley Seek Ways to Cash In Early
As Silicon Valley’s stock-driven wealth machine sputters in the recession, technology start-ups are exploring new ways for employees to tap their holdings.
Many of the moves have been triggered by Facebook Inc., which this week paid current and former employees who participated in a program that let them sell a portion of their shares in the privately held social-networking site. Current workers were allowed to sell up to $1 million worth of Facebook stock or 25 percent of their vested shares, whichever was greater, according to people familiar with the terms.
