Subject: Re: Other than Berkshire...
no use of stock options (although they have some stock incentive plans)

One thing I appreciate about their employee share ownership plans is that Fairfax purchases the shares used in compensation in the open market with cash and holds them in treasury to later dispense to employees. This is a great part of their culture - very long tenured employees, continuity of management across the insurance operation, very large employee stockholding, no dilution from employee stock ownership.