The plan is
only for employees, not executives, who Google says are already adequately
compensated. So on its face the plan doesnt address some of the recent
problems surrounding stock options, including manipulation of the date on which
the securities are granted, so-called backdating, that have landed companies
other than Google in legal hot water. But it does offer a differentand
possibly more accurateway to value stock options, an area of great debate even
now, nearly a year after options were required to be logged as expenses on a
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