Stock options from 10 years ago will expire in early February. Any chance company will re-state option price or extend option expiry date? If stock option expires, is there a tax write-off?
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Underwater options have no impact on you other than the lost opportunity cost. For the company, the option gets removed from the books thus reducing their financial liability.
Serves them right to lose all their options.
There is no remorse for any JG 15+ "losing" money on options. You're a huge part of the reason this company is in the position it is. No innovation, just A$$ kissing.
A decades with of options, part of 3M's 'competitive salary,' all underwater as a result of executive strategy and decisions. Result- Underpaid for a decade.
Not sure if you are allowed a tax write off on options since 3M put up the money for it ten years ago. Check with a tax specialist.
That a 10-yr old option is underwater summarizes everything you need to know about this company.
And no, you are more likely to win Powerball than to have 3M revalue or redate those options. You can kiss those lost wages goodbye.
Make your check out for the loss amount to Monesh. Due Feb 1.