Offering Employees Stock Options They Can't RefuseJoseph Weber
At $33,000 a year, Bob Huxford's pay as a corporate chauffeur for Merck & Co. doesn't put him in the same league as P. Roy Vagelos, the company's $7 million-a-year chief executive. But Huxford feels that a new company program that grants stock options to nearly all employees--not just top managers--will give him one thing in common with the boss. "Everybody will take a little more pride in their jobs if they know they have a stake in the company's results," says Huxford.
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