You don't want a person like this to own shares of your company. Offer him a small severance package, and forgo the stocks. It's very important how you communi

You don't want a person like this to own shares of your company. Offer him a small severance package, and forgo the stocks. It's very important how you communicate your decision to the rest of the company. You don't want slackers or troublemakers or parasites to infest your company; but at the same time, you want to respect the dignity of everyone.