论以股权为基础的薪酬制度(ppt 29页)

论以股权为基础的薪酬制度内容提要：
Increasing number of companies have embraced  broad-based employee ownership 越来越多的公司实施了广泛的员工持股计划
Nonmanagement employees collectively own between 6% and 10% of total corporate equity 非管理层员工总计持有公司全部股票的6%到10%
Estimated 3,000 companies have instituted broad-based option plans since 1989 从1989年开始，大约3,000家公司实施了广泛的员工持股计划
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Many companies go much deeper 许多公司做得更加深入
“All-employee” option plans “全体员工”的期权计划
Hi-tech, start-ups, IPOs 高科技、创业公司、IPOs公司
Recent data suggests that well over 6 million U.S. employees have received stock options (up from 2.5 million in 1992) 最新数据显示，现已有超过600万的美国员工持有公司股权(从1992年的250万不断上升)
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Dilution issues 股权稀释问题
Growth in use of stock options and other share-based plans has resulted in big dilution levels 股票期权和其他以股票为基础的计划的广泛应用导致了股权稀释度增加
10%–12% “overhang” 1 is now typical 10%–12%的 “剩余股票率”1 如今十分普遍
Many companies are approaching 20% overhang 很多公司采用20%的“剩余股票率”的做法
Boards are challenging these dilution levels asking, “How much does it take to instill a shareholder value orientation?” 董事会对稀释问题提出质疑：“到底需要多少才能灌输股东价值导向？

 

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