■ In 1952, Fiesel Company of the United States designed and launched the world's first stock option plan.

■ In 1956, the American Panisura newspaper company launched the employee stock ownership plan (ESOP) for the first time.

■ In 1974, the U.S. Congress passed the Employee Retirement Income Security Act.

■ In 1984, the US Congress passed the Tax Reform Act of 1984.

■ At present, there are 1, employee stock ownership plans in the United States with 9 million participants.

In p>1997, 53% of listed companies in the United States implemented the stock option plan

Before the stock market plummeted, the option income had reached more than 8% of the total management income.