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Once 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 Corporate Counsel magazine's 2000 GC Compensation Survey. But just three years later, the love affair between GCs and their options has cooled. Of the 100 top-paid GCs on Recorder -affiliate Corporate Counsel's 2003 compensation list, only 32 exercised options in 2002, a 22 percent drop from 1999.
July 23, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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