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From T. Rowe Price's recently-filed 10-K:

"At December 31, 1998, the Company had reserved 36,425,304 shares of its unissued common stock for issuance upon the exercise of stock options..."

Added to the 130 million shares outstanding, this stock option issuance represents 21.8% of the company.

Considering these facts, here's this week's question:

Is management unjustly stealing ownership in the company from shareowners?

Another autographed copy of the Rule Book will go to whichever Fool provides the most insight into this troubling question.

Here's a link to T. Rowe's 10-K:

http://www.freeedgar.com/Search/ViewFilings.asp?CIK=80255&Directory=80255&Year=99&SECIndex=455&Extension=.tst&PathFlag=0&TextFileSize=115704&SFType=&SDFiled=&DateFiled=3/8/99&SourcePage=FilingsResults&UseFrame=1&OEMSource=&FormType=10-K&CompanyName=PRICE+T+ROWE+ASSOCIATES+INC+%2FMD%2F

(Scroll down to page 32, under note 4 for the relevant information.)

-Matt
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