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20050401 Friday April 01, 2005
Let's give the "Ownership Society" some meaning... The coalition that's fighting to save broad-based employee stock options (IESOC) is circulating a petition for President Bush, encouraging him to take steps against FASB's rush to require companies to expense stock options.  The petition points out that this Administration has touted the importance of policies that promote an "ownership society"  Unfortunately, if FASB has its way, broad-based stock option plans will be all but impossible for companies to continue. We hope the Administration recognizes that employee stock option plans are a perfect example of the "ownership" that the President has so vehemently supported. Consider that over the last five years, more than 87 percent of Sun's stock options have gone to rank-and-file employees below the VP level.  If this isn't the "ownership society" in action, I don't know what is.  What cannot be easily measured is the positive impact that employee stock option plans have on innovation and productivity.  It makes perfect sense that people work harder and smarter when they have an ownership stake in the company. More than 9,500 people have already signed the petition, and we are trying to get to at least 10,000 signatures before it is delivered to the White House on Monday, April 4.  I encourage you to review the petition and if you support the effort to preserve broad-based stock option plans, please let the President know how to feel. For those of you who have already signed the petition, thank you!
Permalink Comments [1] ( Apr 01 2005, 05:30:07 PM PST / Apr 01 2005, 03:14:24 PM PST )
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