NCEO Executive Director Corey Rosen discusses a survey finding that ESOP company executives are paid less than their peers; the SEC's rejection of Cisco Systems' proposal to value its options based on a market in employee options the company would create; proposed IRS regulations that would make ESOP redemptions not deductible and limit ESOP deductions for foreign companies to the parent company; and a new NCEO staffer, Loren Rodgers.