Expedia shareholders are slated to vote tomorrow on the proposed TripAdvisor spinoff -- and at least one interested party will no longer have to wonder about his options.
That would be Stephen Kaufer who, if the Dec. 6 vote goes according to plan, would be the CEO of a newly publicly traded and spun-off TripAdvisor and a recepient of an "option to purchase 250,000 shares of Expedia common stock," Expedia says, for his troubles.
The award of the stock bonanza was part of a 2005 amended stock and annual incentive plan -- a nice perk for Kaufer as further motivation to turn TripAdvisor into the travel media power that it is.
Trying to retain talent for your startup or an established tech company? Well, an award of 250,000 Expedia shares is not a bad way to go, although a quarter of a million Priceline shares would be a bit more alluring.
The option vests over four years and is subject to Expedia shareholders tomorrow approving the spinoff.
Of course, the outcome of the vote is not in doubt.
Barry Diller, Expedia's senior executive and chairman, wields some 61% of Expedia's voting power.
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