Claire's Stores (CLE) NYSE Message Board

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Non-Tech : Claire's Stores (CLE) NYSE

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To: Archie Bunker who wrote (264)	2/25/1997 4:12:00 PM
From: BYRON S DOHERTY	of 619

Archie, lets get the facts straight in regards to management. 1st, the chairman had every right and concern to sell his shares for estate managment, after all I believe he is hitting near 80. In regards to the CEO excercising options, it is standard practice amoung most companies, and in this case CLE, to give options to the CEO as part of his end-year bounus. He did not get caught with his pants down. I would re-read the PR in regards to what CLE stated as to purchasing back shares. There are no flags to caution anybody in regards to CLE unless you are not long and in for the haul, since the retail sector is of no interest at this time to the market.

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