Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.
Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.
Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.
