August 14, 2001
Tech company stock options: feel like a fool yet?
Author: JT Smith
Kelly McNeill writes "High-tech companies have spent the last 10 years producing a speculative "bubble" that recently collapsed due to Federal Reserve Chairman Alan Greenspan's interest-rate errors. This bubble was due to the subtle attempt to get something for nothing -- by employers, employees and stockholders. Mr. Greenspan was fooled into raising interest rates in the 1999-2000 time frame by the high-tech industry's false claims of a "shortage" of high-tech workers. Well, it seems like there is no shortage after all. But Mr. Greenspan was fooled into believing that labor-wage inflation was imminent"
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