How in hell does a Management and Board get away with this kind of hit? A lot of heads should be rolling.
If the Board was doing it's duty, they would clean house. ---But no, they will probabley sweep it under the rug and hand out more options to keep everybody happy and reward incompetence. Meanwhile the shareholders are left with the old refrain "if you don't like, sell your stock". ---a true reflection of what's wrong with American capitalism which gets more like Obamanism every day.