However, we should also caution that our sample was somewhat unique. First, the
sample came from a single organization. Considering that the employees reported loss
of earnings due to stock options, it appears that the organization may be experiencing
financial difficulties. Second, most of the employees that exercised options reported a
loss of earnings. This may partly explain why stock exercised was negatively related
to equity perceptions. After all, what use it is to have stocks and lose income? Since