No Free Lunch 

Putting your money where your mind is

Paul Jackson

Rather late in the day, Countrywide (CWD)  has begun offering all its employees discounted share options instead of discounted share purchases. Hardly significant, you might think, given the storm clouds over its estate agency business. But because they’re voluntary (companies don’t have to offer them, and employees don’t have to take part in them) these sort of share plans say a lot about what’s going on under the company bonnet.

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