A Table in "Beyond Options" (News: Analysis & Commentary, July 28, 2003)
In the table "Late to the party," which accompanied "Beyond options" (News: Analysis & Commentary, July 28), the percentage change in shares listed for ConocoPhillips (COP
), Sysco (SYY
), Southwest Airlines (LUV
) Safeco (SAFC
) and Campbell Soup (CPB
) was incorrectly labeled. The change represents the 2002 grant vs. the three-year average grant from 1999 to 2001, not 2002 vs. 2001. The difference at Campbell Soup Co. reflects an unusual spike in 2002 caused by a transition that the company was undergoing in 2001 and 2002, not a shift in its options plan or philosophy. For the past five years, the company has averaged approximately 6 million shares granted per year.
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