Taking stock
Stock options are losing favour as a method of remuneration. Chicago-based PeoplesEnergy, for one, is to stop offering them altogether. And the onset of new USaccounting rules could well lead others to follow suit. By Paul Lyon
Chicago-based Peoples Energy has taken the unusual step of announcing plans to cease offering stock options to its entire workforce. The plan was approved at the diversified energy company’s annual shareholder meeting at the end of February. And, according to some observers, the decision to get rid of stock options could become something of a trend at US energy firms.
Austan Goolsbee, a professor of economics with the University of Chicago’s Graduate School of Business, says that stock
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