The women’s Internet network iVillage burst out of the gates last spring with an $81.5 million initial public offering. Shares were in such demand that on the first day of trading, the stock price rocketed from $24 to $100 before closing at $80. To Todd Kenner, it was a day of lost riches.
A year ago, iVillage offered Kenner, a former associate general counsel at the Gaylord Entertainment Co. in Nashville, a job as vice president of business development. Kenner saw dollar signs in the 100,000 stock options he says he was promised when the New York-based company went public. The equity stake, says Kenner, was “extremely attractive.” So he moved his family to New Jersey – only to lose his job just months later.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]