Skype

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Skype

COMPANY

Acquired by eBay in 2005 for $2.6B.

Acquired by Microsoft in 2011 for $8.5B.

Cheated employees who had vested shares in the company, by a "repurchase right" buried in the fine print of their contracts. This clause allowed what were represented as vested options to be repurchased at cost, should the employee depart the company after fewer than five years for any reason, including involuntary termination. Such clauses are essentially unknown in the industry, considered by many to be dishonest trickery.

Skype fired a number of senior executives immediately before the purchase by Microsoft, almost certainly to prevent them from exercising their options.

Official Website:
http://www.skype.com/

Industry:
Communications

Ticker:
(subsidiary)

Corporate headquarters:
Luxembourg

EXECUTIVES

Name Occupation Birth Death Known for

Rajiv Dutta Business 5-May-1960 31-Jan-2011 President of PayPal, 2006-08

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