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And it makes options even more appealing to companies than they were.
This makes options a failure of governance, but not one that fits the common view that top managers were exploiting investors.
"The crucially large gap between the employee value and the company cost of underwater options makes it possible for shareholders and employees to cut a deal that makes both sides better off," says Mr Hall.Above all, a secondary market makes options more transparent.
The kind of market that makes options so valuable so quickly can't last forever.
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A system comes into being only when the possibility of choosing options is available; this makes option and choice central concepts in all system-based description.
The staff at the day centre facilitated decision making by preparing activities and communicated with her verbally and non-verbally to make options clearer.
But the cost of making options more attractive than they already are is high.
It was all about movement and passing and making options for each other, which I really enjoyed.
The company helped to make options the turbocharger of the high-tech industry, creating hundreds of millionaires along the way.
The effect, in accounting terms, was to make options the cheapest way to reward a boss.In economic terms, of course, they carry a real cost.
Decision-making options belong to the key research challenges of e.g., economics, management science, psychology and artificial intelligence.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com