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6/29/2006: Employee Ownership Update for June 29 (National Center for Employee Ownership [NCEO])
NCEO Executive Director Corey Rosen reports on another angle in the stock options backdating controversy: Microsoft and other companies had policies to grant at the lowest price in a 30-day period for fairness reasons. In other news, a Credit Suisse study examines cases where option expensing affected the stock price. A Harvard Business Review study on executive pay argues that companies adjust pay, including equity grants, so managers are paid in line with their peers.
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