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When a brokerage firm oversees a corporate option program, it has two masters: the company that pays it and the company's employees, who are often steered its way for financial advice.
Little Cab also has a "female friendly" option called Lady Bug, where women can request female drivers, and a corporate option for companies to consolidate all their taxi services digitally through one account.
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American Express, for example, is now developing a service that will weigh myriad corporate options and requirements, and signal during the trip booking process when teleconferencing may be a better choice than getting on an airplane.
In other cases it may have been major investment losses incurred in the stock market or a result of tying a large amount of money into corporate options and stock that are now worth much less.
Visa also has a corporate card option, but it's used mostly for small- and mid-size businesses.
What surprised me was the huge disparity between carried interest and corporate stock options.
One idea, used by former Aetna chief executive John W. Rowe, puts corporate stock options into a GRAT.
Some companies, like WorldCom, hired Salomon to run their corporate stock-option plans for company employees, generating fees and luring new brokerage customers in general.
The $117.5 million would make it the largest settlement since corporate stock options practices, particularly in the technology industry, began to attract closer scrutiny three years ago.
Over the years the scope of its trading expanded to include a number of commodities, and in 1973 it spun off an independent Chicago Board Options Exchange to regularize trading of corporate stock options.
In late March, Supervisor Ross Mirkarimi of San Francisco met with lobbyists from Zynga, the online gaming giant, and agreed to introduce a bill to eliminate the city's unusual tax on corporate stock options.
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