On Jun 26, 2007, at 11:04 PM, Nate Duehr wrote:

>> cisco's initial (founding) CEO and CFO were let go
>> pretty much immediately after acquiring funding, and
>> the major founders didn't last too far past the IPO.
>
> Long enough for their options to vest, I'm sure... if they
> weren't immediately vested at IPO time.
>
I believe immediate vesting was part of the severance deal;
kept them from raising too much of a fuss.  Note that the
CEO and CFO were fired prior to IPO, so even the vested options
were essentially worthless.  Note that we're talking 3 of 7
founders were FIRED; not that they left cause they had their
millions and wanted to take it easy...

BillW
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