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To: Lizzie Tudor who wrote (158405)7/8/2003 7:07:45 PM
From: Oeconomicus  Read Replies (3) | Respond to of 164684
 
I think yahoo will ultimately take the mantle from msft...

In what?

BTW, the point about stock grants is not to curtail compensation - the market's already doing that as only the market can. They are better because 1) the value is easily and objectively determinable at grant (no funny business with trying to quantify potential future value to book a theoretical expense), 2) the employee has an easily quantifiable incentive to stay put (the unvested portion of the grant, which, unlike options, still has value even if the stock declines from grant), and 3) upper management has an equity incentive that more closely matches their interests with those of regular shareholders than do options.

Bob



To: Lizzie Tudor who wrote (158405)7/8/2003 9:56:35 PM
From: hueyone  Read Replies (1) | Respond to of 164684
 
The article also say MSFT will begin expensing stock options. Nice to see a tech executive facing up to reality instead of trying to keep on with the ill fated no expense stock option con game.

As a result of the changes in its compensation approach, Microsoft indicated that starting with its 2004 fiscal year, the company will begin expensing all equity-based compensation, including previously granted stock options.

biz.yahoo.com

JMO, Huey