Word: noncash
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Dates: during 1990-1999
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...agency also zeroed in on stock-option grants, easily the most lucrative part of corporate pay packages. These noncash payments, which reward executives handsomely if stock prices rise, often disguise what top managers actually earn. In the past, firms were not required to report a dollar value on such awards, and there was no uniform measure by which shareholders could calculate their worth. Breeden has proposed that companies disclose more fully and succinctly the present value of these payouts...