Suppose Microsoft didn't have any stock options -- poof, all gone -- and had to compensate all of its employees, from Bill Gates down to the lowest-paid stock clerk, with straight salaries.
Lord Falconer said he disagreed with the decision of the Clerk of Public and Private Bills who had said it was not a "prima facie" hybrid bill and quoted a 1977 bill and a 1988 Speaker's ruling to argue that it was.