I hadn't seen the article until today. Thanks for posting it.
Apologies if this was already posted last week (I was out of town), but this was a good piece showing stock options are embezzlement:
The part Picks didn't address was the flagrant hypocrisy of companies being able to deduct options as an expense, all the way claiming they are not a real expense for accounting purposes. Such a scam.
I have noticed that the subject of employee options is remarkably quiet at the moment. Even the dividend tax issue is bigger than the options issue, at least it appears so according to the mainstream media.
And yet the employee options issue is, IMO at the very root of the whole issue we have with the market.
Resolve employee options accounting (yeah right), and IMO the bear market's days are numbered.