by Rigorous Intuition » Sat Jul 15, 2006 3:49 pm
<!--EZCODE BOLD START--><strong>WSJ: After 9/11 as stocks sank, scores of US firms rushed to give millions in options to top execs<br></strong><!--EZCODE BOLD END--><br>After 9/11 as stocks sank, scores of US firms gave millions in options to top executives, reports the Wall Street Journal on the front page of Saturday's paper.<br><br>The paper asks, "Did companies take unseemly advantage of a national tragedy?"<br><br>"A review of Standard & Poor's ExecuComp data for 1,800 leading companies indicates that from Sept. 17, 2001, through the end of the month, 511 top executives at 186 of these companies got stock-option grants," reports the Wall Street Journal.<br><br>One former stock-option-committee member for a Michigan firm defends the giveaways to the Wall Street Journal.<br><br>"If you believe the company is going to do well, and here is an external event that is affecting the market and you've made a decision to reward executives, you go ahead with it," John Lillard told the Wall Street Journal.<br><br>"Life goes on," Lillard added.<br><br><!--EZCODE LINK START--><a href="http://www.rawstory.com/news/2006/WSJ_After_911_as_stocks_sank_0715.html">www.rawstory.com</a><!--EZCODE LINK END--> <p></p><i></i>
