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Technology Stocks : Alphabet Inc. (Google)

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3:59 PM EST

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To: Lizzie Tudor who wrote (143)	4/30/2004 3:39:18 PM
From: GVTucker	Read Replies (1) of 15851

Lizzie, RE: I am certain google will be issuing FAR FEWER options than yahoo in the new climate Don't be so certain. Google has quite clearly stated that stock options are a crucial part of their compensation strategy, and will continue to be in the future. Refreshingly, top management is granted no options. They figure they've got plenty of stock already. But Google is very liberal with the stock options to lower level employees. The total stock options issued in 2003 was about 18mm. The total issued by Yahoo was about 20mm. Not too different on absolute terms. On relative terms, Yahoo has more than double the shares outstanding, so Google's options grants could be viewed as greater than Yahoo's. Why are you so certain that Goggle will grant far fewer options to its employees relative to Yahoo?

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