By 1997 the two camps were stumping for the new value gospel, based on price-per-eyeball, price-per-click, price-per-lifetime-customer-revenue, and EBE (earnings before expenses).

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Second, the competition that does take place among colleges is reputation-based as opposed to value or price competition.

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Stock options with an exercise price of fair market value or higher on the grant date qualified as cap-exempt performance-based compensation, while service-vested restricted stock did not.

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