Fallen Plum

Junior stock grew too ripe

One of the most talked-about new schemes for persuading a prized employee to stay with a company is to lavish on the person something called junior stock. Conceived in 1979 by Genentech, the bioengineering firm, junior stock has been widely used by such firms as Tele-Video Systems and Amdahl, two computer companies, and Cetus, another bioengineering concern. The plan has been particularly popular in California's Silicon Valley, where firms need all the incentives they can find to keep the engineers and scientists from job hopping. Some 200 high-tech...

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