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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (82986)8/15/2000 3:57:54 PM
From: Don Lloyd  Read Replies (1) of 132070
 
Wayne,

Thanks.

[...No matter how you slice it, as a shareholder I am giving up a percentage of my business when I grant options. ...]

As a shareholder, the fact that you do not sell is effectively a vote of confidence in management to serve your interest. As a rational being, and considering that your share ownership is purely intended to earn financial rewards, you should not grant options unless that serves your interest as a shareholder. The granting of options is done in exchange for a perceived group of advantages that must outweigh the sacrifices made, else it is in error. All option programs are approved by the vote of the shareholders and are administered by a management and board of directors who ultimately serve at the pleasure of the shareholders, and in fact have many interests in common.

Regards, Don
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