BusinessWeek

The Stock-Option Myth

When it comes right down to it, few employees are going to work against the best interests of a company that's putting food on their table or their kids through college, especially when the outfit is trying to restore the value of underwater options. "What's special here is that they knew options were coming," says Lucian A. Bebchuk, a professor at Harvard Law School, who has written widely on corporate governance. "What makes them work hard is whatever emotional reaction they have to what the company's doing for them."

Last updated: June 04
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