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Company Share Options

Name: Company Share Options
Author: Peter D. Casson
ISBN: 9780471966593

by Peter D. Casson

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Overview

Company share options schemes have been the source of much debate over recent years. Critics have seen them as a significant component of the excessive compensation, and the "fat cat" rewards, received by senior executives. They further link this to the widening gap between the compensation awarded to senior executives and that received by other employees. Advocates of the use of executive and employee share options point out that they:

Help to align the interests of executives and employees with those of shareholders?
Increase productivity
Encourage entrepreneurship
Provide a means of attracting key staff
Conserve the scarce cash resources of growth businesses

Increasingly, company share option schemes are becoming an indispensable feature of the compensation of both executives and employees, particularly in high technology growth businesses. Their use is promoted by governments, who view them as encouraging entrepreneurship, facilitating employee share ownership, and assisting in the creation of a stakeholder economy. This book examines all aspects of the use of company share options and provides an essential grounding in this vital topic.

About the Author, Peter D. Casson

PETER CASSON is Senior Lecturer in the School of Management and Organizational Psychology at Birbeck College, University of London. He is a chartered accountant and holds a PhD in psychology and an MSc in occupational psychology. Previous posts include a lectureship at the University of Southampton and a number of research positions in psychology. His research interests include accounting for financial instruments, corporate governance, company taxation and financial regulation.

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Booknews

The use of company share options as a part of executive and employee compensation packages, while controversial, is growing in popularity. In this study, Casson (management and organizational psychology, U. of London) examines these share option schemes in the context of political debate in the US and UK on policies to contain the payment of excessive compensation to senior managers and promote employee share ownership. Coverage includes corporate governance, employee share ownership, the value of share option compensation, accounting for share option compensation, and taxation. Annotation c. Book News, Inc., Portland, OR (booknews.com)