749

15. The Wall Street Journal reported that Juniper Networks, Inc.—a maker ofcompany network equipment—plans to offer its more than 1,000 employeesthe opportunity to reprice their stock options. Juniper’s announcement comesat a time when its stock price is down 90 percent, leaving many employees’stock options worthless. How do you think Juniper’s CEO justified repricingthe employees’ stock options to the shareholders?