The Nasty Truth about CEO Pay
Harvard Business Review
JUNE 3, 2011
Black-Scholes Valuation based on stock price at issue. Black-Scholes Valuation based on stock price at issue. And we will model both stock options (using the Black-Scholes formula to calculate the number of options that must be granted each year to amount to a value of $5 million on issue date) and restricted stock units ($5 million divided by the stock price on issue date).
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