IBM to end stock options for directors

December 20, 2006

An IBM sign stands outside the IBM building in downtown Chicago.  Yahoo and IBM jointly introduced free software that businesses could use to find information stored in their own computers or on the Internet.(AFP/Getty Images/File/Tim Boyle)AP - IBM Corp. is cutting off stock option grants to its board of directors but doubling their cash pay, calling the move an improvement in its governance practices.

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