Options revolt

The summer slide in the Dow seems to have reinforced growing skepticism about the whole system of remuneration for senior executives. For months, the business pages echoed to the sound of gurgling as corporate officers going underwater began to think that they needed a snorkel in the form of stock options repricing. That generally means lowering the purchase price of worthless options to make them worth something again. In fact, the evidence was mostly anecdotal, and second-hand anecdotes