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Thailand-based Shin Corp. to offer new round of stock options for executives.

Bangkok Post (Bangkok, Thailand)

| October 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Komsan Tortermvasana

Oct. 1--Shin Corporation, which says that offering lucrative stock options to its top executives since 2002 has prevented a "brain drain" in the company, is planning a new round of the stock options scheme for top executives in December.

Theera Veerathamsatit, vice-president of human resources management, said that Shin first offered the five-year employee stock option plan (Esop) to about 170 executives three years ago. That round is due to expire in 2005.

Low-level executives received 10,000 to 20,000 units, while others were given as many as one million or more.

Each executive was allowed to sell Esop ...

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