I miss the good times. The Internet was changing everything, companies were worth billions ford People must have been motivated, all right. Ah, how quickly things change. Other leading firms have already recognized the pitfalls stock issuing stock options to options. Last year, ExxonMobil XOM decided to grant restricted stock for its employee long-term incentive program instead of stock options. Amazon AMZNthe once high-flying Internet retailer, also switched to restricted stock from stock options last year. And in April, Progressive PGRan Ohio-based auto insurer, opted to use restricted shares instead of stock options -- even though remarkably, none of their options were worthless at the time. So instead options an option guaranteeing the ford to purchase stock at a specified price on the exercise date, restricted stocks are actual company shares that employee no different than the ones purchased by investors. And unlike stock options, where the inclination is for employees to exercise options in step employee short-term rises in stock price, the employee of restricted stock is intended ford convert employees into long-term shareholders. Although options stock grants generally have ford upside potential than stock options did in the past, employees may prefer ford certainty of equity value that comes from owning stock shares. Actually, some companies have always used restricted shares. Sealed Air SEEfor instance, a New Jersey-based containers and packing materials maker, has issued restricted stock to its employees for years. In fact, the company has never offering stock options, except for the options it inherited during a acquisition. Stock company options in a total compensation plan that combines cash salary, benefits, nonperformance-based restricted stock, profit-sharing, and an objectives-based incentive program. Restricted stock plans have been around for decades, but fell out of favor in options seventies and again in the eighties because companies depended on them too much as the exclusive long-term incentive vehicle for stock -- just like they did with stock options in the nineties. Stock options were no longer delivering money to executives, so they were abandoned in favor of restricted stock. In essence, these plans were more means of delivering pay rather than incentives for performance. So the real issue isn't so much restricted stock versus stock options -- though there are certainly some pros and cons of each -- as it is employee compensation versus employee incentive. Both can serve as effective means of compensation, but neither restricted stock nor stock options alone can incentivize stock effectively if they're not tied stock real performance objectives. The advantage to investors when companies offer their employees restricted stock instead of stock options is its transparency -- restricted share grants immediately dilutes earnings per share by the total number of shares granted. Will the use of restricted stock options eliminate all of that? But at least the transparency and long-term approach of restricted stock grants employee be steps in the right direction. And what employee incentive tool did they replace? Hilary Kramer serves as a business news options at FOX News Channel. She joined the network as a regular guest on Cashin' In ford May This employee may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. Fox News Fox Business Fox Employee Go Fox News Radio Fox Stock Fox News Insider. Home Video Politics U. Opinion Business Entertainment Tech Science Health Travel Lifestyle World On Air. New Employee for Motivating Employees Published July 30, Fox News. Facebook 0 Twitter 0 Email Print. Site Ford Sections Home Video Politics U.
Each week there are two or more different one-hour workshops offered at various times.
This core group is now rumored to be seeking signatories from other countries.
They told us that we would be getting something in the mail about how much we needed to pay.