TLC Vision shareholders apparently bought the argument that worthless stock options are bad for employee morale. They approved a plan to let employees exchange their old options, with exercise prices far above today’s market price, for new ones that actually…

TLC Vision, like many companies that relied heavily on stock options to motivate employees, has a morale problem. Its shares are worth about 13 cents, and its employees’ options are exercisable at an average price of $4.09. All of the…

TLC Vision, an eye-surgery company with its executive offices in Chesterfield, said today that it lost $95.4 million in the fourth quarter and will receive a “going concern” letter from its auditor, Ernst & Young. The company is out of…

The stock market plunge has created a lot of new penny stocks, and now the Nasdaq wants to let them hang around a while. Normally, stocks that trade for under $1 are in danger of being delisted, but the exchange is…