GNET invests in NDB. A good fit? Message Board

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Non-Tech : GNET invests in NDB. A good fit?

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To: Sarkie who wrote (143)	8/24/2000 1:15:12 AM
From: Sarkie	Read Replies (2) of 151

Hmmmmm.....Interesting article in the WSJ. interactive.wsj.com Excerpt: How did National Discount Brokers Group Inc. Chief Executive Arthur Kontos get to be one of the best-paid executives in the online brokerage industry? A pay raise of 134% that brought his compensation to $8.2 million for the fiscal year ended May 31 wasn't due to NDB's stock performance. Shares in the Jersey City, N.J., firm lost nearly half their value during that period amid a broad slump in online-brokerage stocks. But thanks to a package that links his compensation to the growth in NDB's pretax profits, Mr. Kontos's salary and bonus more than doubled from $3.5 million a year earlier. His pay would have been higher had he not waived an additional $2.4 million in bonus for which he was eligible

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