A New Executive Compensation Model

If one believes, as we do, that the stock option regime has had an enormous amount to do with the employment gains and wealth creation effect in this country post-World War II, as venture-backed companies flourished, provided job opportunities for any number of ambitious young men and women, and, ultimately, was a large part of our economic success, then the ugly assault on stock option devices is not only unwarranted, it is wooly headed and counterproductive.