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At the money options and other forms of performance-based compensation became even more attractive when the
At the money options and other forms of performance-based compensation became even more attractive when the $1 million salary deductibility cap was enacted.||
At the money options and other forms of performance-based compensation became even more attractive when the $1 million salary deductibility cap was enacted.
So, from the shareholder, accounting and tax perspectives, at the money options had certain distinct advantages.million salary deductibility cap was enacted.
At the same time, there was sharp rise in the overall level of executive compensation (some would say astronomical), despite the million-dollar salary deductibility cap.
In this environment, cash-strapped companies found stock options an attractive way to provide competitive compensation without further tapping their limited cash flows.
Corporations faced pressures in two different directions they wanted to attract and retain employees with attractive stock ownership opportunities offered by in the money grants, but they also wanted all the corporate advantages of making at the money option grants. The right thing to do was to pick one or the other.
A company could legitimately choose to make highly attractive in the money grants, so long it convinced its shareholders that such grants were necessary and desirable and also complied with all of the proper accounting and tax rules.
Looking backward, I'll ruminate a little about how we got here, and finally, at the risk of appearing to be or worse, actually being the secular equivalent of a sanctimonious twit, offer some thoughts looking forward on lessons we might take away from all of this. I have reached the point in life where I view the world through ridiculously expensive progressive lenses, but I guarantee you these lenses are not rose-colored. To recap much of what you may already have read or heard, the Division of Enforcement is investigating over 100 matters relating to potential abuses of employee stock options.
I should begin of course where I always do with a disclaimer. The investigations are being conducted by SEC offices throughout the country and are being centrally coordinated and tracked here in Washington.
In addition to the enforcement efforts, others at the Commission have taken two other major steps to address this issue.
First, there are the recently adopted rules relating to executive compensation disclosure which specifically address options.
Our Office of Economic Analysis then analyzed data and refined the areas of concern.Tags: Adult Dating, affair dating, sex dating