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To: freespirited
It wasn't "free" stock. An employer's contribution to a 401k is compensation for one's labor.

One's salary is one's compensation for one's labor.

Stock awards are a perk.

No employer is required to provide matching funds or stock awards with a 401k plan, and any employer can choose to discontinue such stock awards or matching funds at any time.

Employers cannot by law choose to discontinue compensating employees for work performed, so clearly matching funds and stock awards are not compensation since 401k-providing employers can discontinue them at any time without penalty or liability.

510 posted on 07/07/2006 7:55:09 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: wideawake
One's salary is one's compensation for one's labor. Stock awards are a perk.

You are dismising what you call a "perk" as if it were inconsequential...on the order of a free burger. This particular "perk" is a benefit that has very real value. It's a form of compensation. It's not unusual for benefits to add another third in dollar value to one's salary.

512 posted on 07/07/2006 8:07:46 AM PDT by freespirited (A liberal is a person haunted by fear that someone, somewhere does not require government assistance)
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