Stock options should be banned says fund manager

One of the most successful US fund managers in the past decade is arguing for an end to employee stock options in the wake of accounting scandals that have rocked investor faith in listed companies. Bill Miller runs the Legg Mason Value Trust, the only mutual fund to beat the S&P 500 index over an 11-year period. He says that companies should give shares directly to employees as a reward for good work, but cease issuing options which have been identified as a major reason for the mismanagement of bankrupt energy trading company Enron. In that particular case, the options h...