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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: MDGO who wrote (6515)6/14/2000 3:34:00 PM
From: tayspop729  Read Replies (2) of 15615
 
Shouldn't options be tied to performance ie. growth, revenues,profits etc. After all options dilutes the value of the stock at the expense of the shareholder and esp. so
since GBLX has not yet turned a profit and the stock
has plummeted

If the stock's plummet is in response to GBLX having yet shown a profit, it should never have risen in the first place. Never was it understood that GBLX was to be profitable at this time.

To address your question about the structure of Global Crossing's option plan, my recollection is that it was to be modified or amended and this was part of the recent proxy info sent to us as shareholders. I have apparently misplaced this information and cannot answer. If I am wrong, please let me know and I'll look into the plan as it presently is and report as to its structure.

BTW and a little OT, the shares allocated for ESOs for the 200 largest companies is 13.2% of shares outstanding.

Regards,

Scott
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