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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Percival 917 who wrote (12110)	12/5/1999 8:20:00 PM
From: tekboy	Read Replies (1) of 54805

Re Siebel options (offering them, not trading them!): Don't knock 'em, they can be a great motivating tool. This was posted on the Siebel thread a couple of weeks ago: techweb.com It's an article on SAP's plans to move into the CRM space, but the hysterical part comes at the end, where SAP chairman Hasso Plattner engages in some world-class whining: "Plattner sounded off on a couple of issues that have trailed the company recently, including its Monday lawsuit against Siebel Systems for competitive hiring practices. Plattner declined specific comments because the suit is pending, but did indicate that Siebel was able to offer SAP's executives roughly $200 million worth of stock options to lure them to the front-office vendor, something SAP can't match because of its German background. "Offering large numbers of shares to employees 'is common practice in Silicon Valley, but it's not in Europe,' Plattner said. 'I would have lost my job at the next shareholder meeting ... I cannot give a middle-management person 50,000 shares.'" The Siebel threadsters were doubled over in laughter, both at how Siebel continued to eat SAP's lunch and how incredible it was for Plattner to admit it publicly... :0) tekboy/Ares@youdothemath.com

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