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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Larry Macklin who wrote (13578)6/15/1998 9:56:00 PM
From: ShoppinTheNet   of 20681
 
"You people need to get in the real world!!! Why don't you check and see what major corporations like GE and Intel do with stock options? Most, if not all, major corporations pass out options and adjust option prices all the time. Options are a tool to get employees to work and build positive moral. If a stock is so far out of the money it produces the opposite effect and productivity and moral both suffer from it,not to mention employee turnover."

Correct you are Larry, this does indeed happen all the time! Is it illegal? No it is not! That is the point, if you feel it is not right then you have a decision to make. Discuss your plans on ethics with the board or at the stockholders meeting. If you don't feel strong enough about your beliefs to do this, then it is not that important, so quit crying about it.

As I understand it Oxford did indeed lower their options to its employees. This was done for the reasons you discussed.

I have said it before and I will say it again. I don't feel there is a consensus on this thread as to what is ethical and what is not. I also believe if you want to get the issue resolved you need to discuss it pro and Con. Now you have done a fine job of stating the pro to the issue so we need to thank you for having the strength to stand up and to be counted. My hat is off to you Larry! No does anyone want to refute Larry's position or should we consider the case closed?

P.S. I think you left out the fact that they also extend the expiration date as well!
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