TLC Vision shareholders apparently bought the argument that worthless stock options are bad for employee morale. They approved a plan to let employees exchange their old options, with exercise prices far above today’s market price, for new ones that actually…

TLC Vision, like many companies that relied heavily on stock options to motivate employees, has a morale problem. Its shares are worth about 13 cents, and its employees’ options are exercisable at an average price of $4.09. All of the…

Stereotaxis, a medical equipment company based in St. Louis, wants to reprice employees’ stock options because its stock price has fallen so far.

In a proxy statement filed with the Securities and Exchange Commission, Stereotaxis is asking shareholders to approve a swap…

Belden paid Chief Executive John Stroup $4.98 million in 2008, but the company notes that more than half of that is in options that are currently underwater. The pay tally, contained in a proxy statement filed with the SEC, shows…

Savvis, the telecommunications firm based in west St. Louis County, is asking shareholders for permission to cancel old, currently worthless stock options and replace them with new ones at a lower exercise price.

Savvis’ shares have fallen by 64 percent in…

There are good reasons and bad reasons to be concerned about Wall Street’s pay structure, a subject I tackle in today’s column. Because you think nobody deserves such huge amounts of money is a bad reason; because you want to…

The Securities and Exchange Commission   and the Justice Department were  already looking into the timing of options grants by the former Engineered Support Systems Inc. Now the Internal Revenue Service is on the case, too.

DRS Technologies, which acquired St. Louis-based ESSI in January,…