BRIAN GAYNOR: Smartpay – The problem with share options

BRIAN GAYNOR: Smartpay – The problem with share options
Brian Gaynor
The resignation of Smartpay chief executive Bradley Gerdis illustrates a problem with share options. Gerdis has led the technology company through a successful expansion period but he has been unlucky, his 15 million options have expired as the company’s share price was below the exercise price of the options on their expiry dates. Gerdis wanted compensation for these options but chairman Greg Barclay and his board were unwilling to meet his demands and the CEO resigned.Share options also contributed to the bitter fallout betwee...

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