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Sep 30, 2002

No longer an option

Speculation on doing away with stock options

There's no such thing as a free lunch. But until this year most of corporate America's leaders put their hands on their hearts and swore that their rapidly engorging emoluments were at no cost to their company, shareholders or employees. It is remarkable how easy it is to build consensus in the financial world. The community that once talked about fundamentals, profit and loss and earnings and revenues bought wholesale into the hero worship of allegedly irreplaceable executives who, amazingly

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