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Should CFOs be stripped of all stock options?
There's still a lot of anger about the still-unfolding stock options grant date scandals floating around. And where there's anger, there are likely to be scapegoats. In that spirit, consider Internal Revenue Service Commissioner Mark Everson's suggestion that finance chiefs, top counsel and non-executive board chairs should not receive any options, but instead should receive fixed compensation which would be a good way to end possible conflicts of interest. He is not asking for a law but does consider this good governance. The idea does not really get to the guts of the scandals, and I doubt it will prove lasting, even though some legislators have voiced interest. It does, however, capture the mood.
For more on the issue:
- Here's an article from CFO.com
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