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May 20, 2004 -- Best Buy rewards employees with stock options
The CEO of Best Buy is giving 200,000 of his personal stock options worth about $7.5 million to other non-executive employees. Options are opportunities to buy stock in a company at a certain time and pre-set price. Its one of the ways corporate types feather their nests, and there has been a lot of underhanded handling of these stocks. But this is the exact opposite. He obviously wants the employees to feel a stake in the game. Clark thinks its great. Execs need to do whatever it takes to make employees feel like part of the team and feel valued. In turn, they will value the customers, and that makes everyone money.
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