Word: ranking
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Dates: during 2000-2009
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Millions of stock options granted to rank-and-file employees in the late 1990s are set to expire worthless in the next few years--a sobering reminder that when it comes to your compensation, there is no substitute for cash, and when it comes to your long-term financial security, there are no can't-miss lottery tickets...
...slam dunk. Option grants to top execs in the early and mid-'90s made them wealthy when the markets caught fire later that decade. In part to ward off criticism and in part because options were seen as free money then, many CEOs shared the bounty with the rank and file. This was most often true in cash-strapped start-ups in Silicon Valley. But the equity-for-all ethos spread. Fewer than a million people held options at the start of the '90s, but the number swelled to 12 million in 2001. It stands at 9 million, and shrinking...
These losses are tough on all recipients, but the rank and file suffers most. Many top execs have been bailed out with supplemental grants and so-called reloads. What may be most interesting about this saga, though, is that after stock prices tumbled from 2000 to 2002 and another bull market was calving, broad-based stock-option plans began to fade. Some 8 million workers received grants in 2000; the number dropped to 3 million by last year, Kay says. The total value of grants has slipped by a third, says the NCEO...
...Until yesterday’s revelation. To be sure, Spitzer is not to be pitied. He was the victim of his own bad karma and rank hypocrisy (he orchestrated the bust of a prostitution ring as New York attorney general in 2004). Still, isn’t there something shamefully dishonest about a culture that obsesses over the sex lives of its elected officials? They are, after all, mere men and women, as vulnerable as any to the snares of carnal desire. Their position of power simply invites attention...
...book, you talk about the "inner primate." What's that? I first heard it from Gary Wilson, a teacher at the school. And he just means that we're really aware of hierarchy and rank. We don't like to be pushed around. On the flip side, we like to push around. Trainers have to really fight that urge because their relationship with their animals should always be cooperative. They're not trying to get them to do anything as a reflection of the trainer's ego or to just show that they're in charge. You really have...