They were the currency of the American dream. Now they are worthless paper — a symbol of CEO greed. What went wrong with stock options? Where do companies go from here? Our only option: Visit one of the world’s leading authorities on employee ownership.
The promise was irresistible: Share the wealth from entrepreneurial creativity throughout the company rather than restrict it to a few founders. The impact was undeniable: thousands of stock-option millionaires at Microsoft and Oracle, with millions more hoping that they too could cash in. The reckoning was painful: a plummeting stock market, self-dealing CEOs — the end of a new American dream.