11.   He had tenure at Oxford, and now he has share options at Mathengine and the opportunity to do some really amazing research.

12.   In particular, the committee criticized the granting of share options at a discount to share price.

13.   MacDougal welcomed the treatment of gains from share options as part of income rather than a capital gain.

14.   MacDougall welcomed the treatment of gains from share options as part of income rather than a capital gain.

15.   Previously, the gain made by an exercise of an executive share option was treated as a capital gain rather than income.

16.   Shareholders should have to approve all long-term incentive schemes, the report concludes, including the granting of share options.

17.   Shareholders should have to approve all long-term incentive schemes, the report concludes, including the granting of share options which will now be taxed as income.

18.   Shareholders should have to approve all long-term incentive programs, the report says, including the granting of share options that will now be taxed as income.

19.   That will mean that shareholders must approve all long-term incentive schemes, including the granting of share options.

20.   The banks also agreed to inject some fresh capital into Fiat by converting existing lines of short-term credit into share options.