The majority of employee share option plans issued by the top 50 ASX-listed companies since 2003 are thought to now be worthless, according to a report in the Australian Financial Review.
Executives at Macquarie Group, Toll Holdings, and Tabcorp are among those thought to have missed out on millions of dollars in share options when the All Ordinaries dropped 43% in 2008.
Luckily, tax experts believe that any tax already paid on these poorly performing options may be refundable.
Stocks for your watchlist:
MQG Macquarie Group
TOL Toll Holdings
TAH Tabcorp Holdings