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| Author: | Glimstedt, H. Lazonick, W. Xie, H. |
| Title: | The evolution and allocation of employee stock options: adapting US-style compensation to the Swedish business model |
| Journal: | European management review
2006 : WINTER, VOL 3:3, p. 156-176 |
| Index terms: | SHARE INCENTIVE SCHEMES human resource management labour mobility compensation incentives Sweden america |
| Language: | eng |
| Abstract: | The paper discusses stock options as a mode of employee compensation. It presents a case study on the telecommunications equipment company Ericsson, originated from Sweden, that used American mode of compensating hich-tech personnel in its business. This experiment was held during years 1998 - 2002 and in 2003 Ericsson's board refused to renew the company's stock option program. Instead, the company's human resources developed a unique employee stock purchase plan. The study shows that the US-style employee stock option plan is not necessarily the best option for a European corporation; it also shows how alternative business models can result as a competitive advantage in the global competition within the ICT industry. |
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