By Richard Koman for SiliconValleyWatcher

The stock options tornado keeps on blowing through the Valley and the rest of corporate America, as Reuters reports here

• IBM will stop providing stock option grants to its board of directors. Directors will get a raise in cash compensation from $100K to $200K.
  
  

• Juniper Networks will take a $900 million hit for stock options granted from 1999 to 2003. The charge stems from two grants made to CEO Scott Kriens. Juniper will file its Q2 and Q3 statements in Q1 of 2007. Red Herring offers Kriens' apology:
  
  

  
  “As the leader of this company, I would like to express our regret, to everyone who relies on Juniper, for the difficulties this situation has caused for us all,” said Mr. Kriens in a statement.
  
  

  
  
  “In prior years, we should have had better stock option granting processes, controls, and oversight in place, and we did not,” he added. “While we cannot undo the past, we will focus going forward on the filing of our financial statements, further improving the robustness of the company’s stock option-granting procedures, the ongoing cooperation with government agencies, and the continued execution of our business strategy.”