1.   An LVMH executive who attended both shareholder meetings said the option grants were made in public.

2.   An option grant is exercisable only if its so-called strike price is lower than the prevailing market price.

3.   And at TCI, Hindery got himself a lucrative options grant.

4.   As a result, companies benefit from options grants in two ways.

5.   As a result, Jobs led all the executives in the survey in non-option compensation as well as option grants.

6.   At the heart of all this are ever-more-enormous option grants.

7.   Because option grants have become so huge in recent years, changing the way companies account for them could put big pressure on earnings.

8.   A falling stock price means more shares dispensed to the executive in an option grant.

9.   A prominent example is the current debate about whether options grants should count as an expense in corporate financial reports.

10.   But then option grants began to grow, in response to calls from activist shareholders that executive pay should be tied more closely to performance.