The golden days of Stock options
Once upon a time, stock options were a US general counsel's best friend. In an extract from Corporate Counsel's 2003 General Counsel Survey Ashby Jones outlines how the market has changed
As recently as 1999, the average stock option cash-out for companies’ top lawyers was close to $1.3m (£807,000), 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 $50m (£31m) in stock options.
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