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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: art slott who wrote (7783)11/15/1999 3:57:00 PM
From: Mike Fredericks  Read Replies (1) of 13157
 
Art-

Thanks for the link to the CBS story on options. I think that options are a great way to reward management. We're just shareholders, but they have/had the idea and vision to get us where we are.

If only ACTV execs would take options, everything would be fine. But no, they have to get compensated 2% of the increase in market cap, and that compensation comes in the form of stock or cash. Not options.

If they would drop that provision and issue themselves hundreds of thousands of stock options each year at a strike price slightly below then-current market value, I'd vote for that. The execs would still be multi-billionaires, but there wouldn't be the same collar on the stock price that there is now.

-Mike
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