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Sunday, July 16, 2006

This Should Make You Feel Sick

WSJ: After 9/11 as stocks sank, scores of US firms rushed to give millions in options to top execs

After 9/11 as stocks sank, scores of US firms gave millions in options to top executives, reports the Wall Street Journal on the front page of Saturday's paper.

The paper asks, "Did companies take unseemly advantage of a national tragedy?"

"A review of Standard & Poor's ExecuComp data for 1,800 leading companies indicates that from Sept. 17, 2001, through the end of the month, 511 top executives at 186 of these companies got stock-option grants," reports the Wall Street Journal.

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