Article shows the benefits to Facebook of early exercises of ESOs

Bloomberg  Article shows the tax benefits of early exercises of ESOs to Facebook from early tax deductions and cash flows from issuing new shares. 

http://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break#r=hpt-ls

These benefits constitute one of the biggest reasons for granting ESOs and promoting early exercises, sell stock and "diversify". Without early exercises, there are no early tax deductions, nor any cash flow from issuing new shares

John Olagues