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Playing Games With Stock Options

No secret that plenty of Silicon Valley companies have seen precipitous stock declines, and several, including Google and Intel have taken steps to help out underwater employees.

At Electronic Artsto the growing chorus.

In a filing this afternoon, EA announced a stock options repricing plan that shows just how deep the market plunge took its employees.

In the filing, EA offers:

"On March 28, 2009, approximately 99% of our employee option holders held at least some options that were underwater, and for approximately 91% of our employee option holders, all of their options were underwater."

Still awaiting details on the new program, but even after the back-dating scandals that bit so many companies, options still are the lifeblood of the Silicon Valley company. More and more companies are trying to help out employees. Of course, that "help" comes at the expense of rank and file shareholders who might also be under water but don't get the same preferential treatment.

But that's a blog for another time.

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