Re: The Wetherspoons Troughing Method
"as a way to persuade senior employees not to leave, and to commit to making things work."
Or, as frequently happened in the early to mid 80's when these share incentive schemes really took off, you knew precisely when senior staff would leave. Three years and one month from the granting of the options. The moment the Share Option purchase was enacted and processed. And onto the next firm offering such inducements.
I personally was sat next to my boss as he signed his Option form, garnering circa 5 years of Salary tax free, and then calmly signed his Resignation letter. No surprise to the Board either.