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Recent Study Shows Stock Options Affected CEO Behavior in Ways That Led to Extreme Wins and Losses
Human Resource Executive 
Oct. 24, 2007
Excerpt: [A] new study by a pair of business professors, Wm. Gerard Sanders of Brigham Young University and Donald Hambrick of The Pennsylvania State University, takes an in-depth look at stock options and how they affected CEO behavior .... What Sanders and Hambrick found, not unexpectedly, is that while stock option compensation did in fact promote increased risk-taking by CEOs as intended, the results were more often negative than positive.
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