Instead, it directs them to prevent their peers from getting outstanding performance reviews and to brag about their accomplishments to each member of the management committee that determines their relative ranking.

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The Government will come forward with published proposals for the final stages of House of Lords reform before the summer break - including the next steps we can take to resolve the position of the remaining hereditary peers and other outstanding issues.

BBC: In full: Constitution proposals

There are some ingredients here for explosive losses: the stock has outperformed most of its peers in the Web 2.0 world, the lock-up covers a vast majority of the outstanding shares and insiders to date have been unable to sell.

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