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Back in the day, public companies used phantom shares primarily to generate cash for executives who held stock options. A software engineering firm with $28 million revenue and 85 employees carried out a case study. The idea of phantom stock plans is to mimic the value of a share to an employee without actually handing over the shares.
In the 1970s, a NASA engineer, who happened to be working remotely from home, coined the term “telecommuting”. In the 1960s, German companies, in order to scale up male-dominated industries, took the lead in drawing female homemakers into the workforce by offering “flexiwork”, which accommodated child care at home.
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