Richard V. Smith was quoted in the December 22 edition of the Chicago Tribune about IBM's decision to stop granting stock options to outside directors. IBM follows companies such as Campbell Soup Co. in ending director stock options after more than 190 companies disclosed reviews into backdating of options grants. "IBM is ahead of the curve," Mr. Smith said of the decision. "We'll probably see more companies do this in the next two to three years." This article also appeared in the Financial Post and the Philadelphia Inquirer.