“…Liccione [7] reports an examination of US proxy data from high-tech companies in 1998 and 1999, revealing a weaker emphasis on cash compensation and a stronger emphasis on stock options in high-tech firms in 1999 relative to executives in other industries (Exhibit 2, p. 22). He also suggests that the components of direct pay in technology companies became more like those in traditional firms after the bubble burst, with typical salaries for executives in high-tech firms rising at roughly twice the pace of those in other firms, while bonuses and option grants grew more slowly (Exhibit 1, p. 22).…”