Stock options, a staple of executive compensation, could cease to exist under the Republican tax plan, which proposes to classify them as deferred pay, or money that's already earned but received at a later date.
The GOP plan could "cause options to be extinct," said Ian Levin, a partner at law firm Schulte Roth & Zabel.
That could be a sea change, since CEOs of S&P 500 companies got one-fifth of their pay in the form of options last year, on average, according to the Bloomberg Pay Index.
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