Back in the late 1990s, when Silicon Valley was bubbling with high-tech startups like Google and Netflix, Michael Spector was a young CPA who watched as fledgling cash-strapped companies paid their workers with stock rather than cash. He realized that a significant segment of the Valley's workforce was likely to run afoul of tax rules related to employee stock options.

Such options are a lot like nitroglycerin. Handled right, they're a great ingredient, providing economic incentives to workers without forcing companies to part with much-needed cash.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access