Borders petiton: turnaround stock options plan
“We-the-people” of Borders demand to participate in the upcoming BORDERS turnaround with a Stock and Option plan. The undersigned request 15% of our salaries in stock and a matching 15 % in stock options priced at 25 cents per share.
We hereby acknowledge that, as in the 80’s, the concept of the bookstore is undergoing sweeping transformation that requires flexibility insight and creativity. Along with this, we acknowledge that some of the 512 outlets will have to be closed, in order to preserve this august institution. We request the opportunity to rebrand, innovate and recreate the proposed shunted stores and request greater leeway in promoting to our stores adapt to our regional setting.
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