Stock Grant Fairy (acr)

by Graham Email

A unique instance of Nobody who visits the executive suite while nobody is looking and retro-actively reprices stock option grants previously awarded to senior leaders, so that those leaders' options never go under water. Interestingly, the Stock Grant Fairy never re-prices stock options in an upward direction.
If they are ever questioned about the re-pricing, everybody connected with the stock option grants is suddenly overcome with amnesia.