My recent take on option dilution generated some strong responses, some supportive and some not. However, one theme that Bill Mann recently hit on kept popping up on both sides: Not all employees are granted equally, despite what option defenders would have you believe.
The same holds true for other big technology companies. Cisco's
Tech companies get the most scrutiny when it comes to options because the grants are so exorbitant, but the inequality is prevalent in other industries as well. In 2003, General Electric
Don't get me wrong, I'm not campaigning for all employees to get equal option grants. Obviously executives deserve greater compensation than other employees, including (if we must) stock options. My concern is with the disingenuous arguments from top executives that expensing or eliminating options will hurt the average employee and make it difficult to retain talented workers, while glossing over the windfall grants to themselves. It's a deceptive maneuver to steer public attention away from the real issue: excessive, unreported executive compensation.
Fool contributor Chris Mallon prefers honest management, and of the companies mentioned here, he owns shares of Home Depot through his private investment partnership.