As many tech stocks dive and employees watch the value of theirstock options evaporate, the currency of the "new economy" may giveway to an old standby: cash.
Compensation experts say the tumbling Nasdaq composite index iscasting a shadow over the liberal use of stock options, the "carrots"that cash-strapped high-tech firms and start-ups dangle in front ofjob candidates.
Experts say tech companies may have to scale back generous optiongrants and offer, instead, larger salaries and cash bonuses to lureworkers.
"Cash is king," said James McElligott Jr., a compensation expertand partner at Richmond, Va., law firm McGuire Woods Battle & BootheLLP. "That has …
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