Percentage of Companies with Broad-Based Equity Plans Dropped Slightly in 2004

The percentage of public and private companies with one or more of any kind of equity compensation plans that specifically offered stock options to nonexempt employees dropped slightly in 2004 compared to 2003, falling to about 13% of the 996 companies responding to the annual WorldatWork Salary

Performance Shares?

There has been a lot of buzz lately about replacing traditional stock awards with performance shares. "Performance shares" is a term of art, not a legal term. It is simply a plan that grants shares outright to an employee upon the achievement of a specified target.

Performance-Based Options Not Excludable from Shareholder Votes

In letters to Goldman Sachs and Texas Instruments, the SEC has ruled that companies cannot exclude shareholder proposals to require that options be performance based as "ordinary business matters." The letters follow a trend from the SEC to require companies to allow votes on how option plans are

Personal Note on the NCEO Conference

If you were not able to join us last week for our sold-out conference in Pittsburgh, some of the highlights were the record-setting attendance, the buzz of the conversations in the common spaces, and the keynote address facilitated by Christopher Mackin and featuring Heather Braimbridge-Cox (Wind

Policy Whitepaper on Employee Ownership

A new policy paper, Expanding Employee Ownership: Toward a Stronger American Economy, builds the case for employee ownership and proposes three rarely explored policy options for creating more of it.