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Google to Offer Variation on Stock Options

Publication Date: 
December 13, 2006
Source: 
New York Times
Author: 
Miguel Helft

"New York Times" quotes Arthur and Toni Rembe Rock Center for Corporate Governance Faculty Director and professor Joseph Grundfest

“I would be very surprised if the idea isn’t picked up by many more companies in a very short order,” said Joseph Grundfest, a professor of business and law at Stanford University, and co-director of the Arthur and Toni Rembe Rock Center for Corporate Governance. “If Google does it, it validates it as a smart idea.”

“If you simply assume that by giving people an additional choice, they will elect that choice only if it is to their benefit, then it is likely to be an improvement all the way around,” Mr. Grundfest said.