SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Madharry who wrote (13972)2/19/2002 5:39:52 PM
From: Terrapin   of 78661
 
Re Tyco split and benefits to management.

Tyco management is very well compensated in stock and options such that they have a great interest in increasing shareholder value. Although I am unaware of any additional benefits the two main people (CEO Dennis Kozlowski and CFO Mark Swartz) stand to receive shares in the spin-off companies. Also, I am not sure the term golden parachute applies since they have both committed to staying on to manage the main 'stub' after the break-up.

FWIW I agree with your recommendations for increased disclosure of insider activities. I heard talk about the SEC decreasing the amount of time for reporting insider trades (and that is a good step) but the other activities you mentioned, while not damning evidence of illegal activities, would still be very good to know.

Best to all,
Terrapin
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext