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Nce upon a time, stock options were a general counsel's best friend. As recently as 1999, the average stock option cash-out for companies' top lawyers was close to $1.3 million, according to our 2000 GC Compensation Survey. In 1999 three lawyers alone-IBM Corporation's Lawrence Ricciardi, Cablevision Systems Corp.'s Robert Lemle, and Qualcomm Inc.'s Steven Altman-exercised a combined total of slightly over $50 million in stock options.
August 01, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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