<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Tino:
Again, use the example of stock options. Mr. Jones is an executive at a company that has given him 100,000 stock options. 1 - they are not transferable to anyone else, and 2 - their value is not easily able to be calculated.
Are you implying that they do not have value?</font>
No, but what is the value to be? If you have 1,000,000 miles, enough for 40 roundtrips in the US, the value the airline would use for them in their accounting is about $800. The value the airline would sell them at one by one (that no one would ever pay) is about $25,000. What do you value them at? What next, split up elite status in an airline when only one person has it and is able to at times request upgrades for the other?