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For really high-priced employees, yes: if you've got a person who has enough money that they can afford to defer the receipt of cash in exchange for the potential of making a LOT of money, stock as part of a total compensation package is a very popular bargaining tool.

Large companies (such as Home Depot or Walmart) offer their rank-and-file employees the option to purchase stock at a set price, and that's also a good bargaining tool. This is called an Employee Stock Purchase Plan rather than Incentive Stock Options.

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