From Jim Gilliam's blog archives
Geoffrey Colvin: After weeks of

June 13, 2001 8:05 AM

Geoffrey Colvin: After weeks of horsetrading, Congress sent President Truman the Revenue Act of 1950, and on Sept. 23 he signed it into law. Buried deep within that bill was a section amending the tax code. And that change, scarcely remarked upon at the time, made it legal and practical for companies to pay employees with an interesting form of currency called the stock option.

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