As Long As You're Up, Get Me A Restricted Stock Grant

When prices fall, execs find such awards preferable to options

With dot-com mania sending some stocks soaring and others into the basement, compensating CEOs with basketfuls of stock options isn't working the way it used to. At Philip Morris, Gillette, and Owens-Corning, for example, the latest rounds of option grants to the top brass aren't worth a penny.

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