A number of well-known employers have been overhauling their employee stock programs recently, often lowering the strike price on options. While some shareholders have protested, employers defended the changes. "Because such a large number of our outstanding options have exercise prices well above the current stock price, many employees believe their options are of little or no value," Motorola's Paula Thornton Greear said. "These outstanding options are no longer an effective means of retaining our key talent."
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