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Stock Options Make Good Sense

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Robert C. Pini

The photonics industry is full of start-up companies and new ventures -- fledgling enterprises in a position to get all the advantages from offering stock options to spur employee performance. So says Richard Lambert, an accounting professor at Stanford University's business school. As a direct link between pay and performance, stock options are "most effective in smaller, entrepreneurial firms because even employees below the executive level have a significant impact on the value of the firm," Lambert said. FiberCore Inc. in Charlton, Mass., gives stock options to employees at various levels...Read full article

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    Published: November 1998
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