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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.99-0.2%Dec 23 3:59 PM EST
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To: RetiredNow who wrote (53806)6/25/2001 9:55:44 PM
From: hueyone  Read Replies (2) of 77400
 
The recent Fortune article noted that many hi tech CEOs talk their board in to compensating them with pay and options equivalent to the 75 percentile (regardless of company performance)---hence guaranteeing a continuation of the absurd, spiraling out of control executive compensation. If all hi tech employees suffer the same delusions of granduer that overpaid CEOs do, and think they deserve to be compensated in the 90 percentile, then we will have the same problem there. At some point, perhaps now, the public will stop supporting this nonsense.

By the way, I can't understand how your friends missed out. The Valley is full of Cisco employee multimillionaires. Did your friends neglect to sell any shares of the options they had exercised when the price was high, did they join Cisco late, or what is their problem? Maybe they aren't quite so brilliant as they are telling you. If they joined Cisco recently and are mad about their options being underwater, I have news for them: they have been doing their part for the company during a period when the company has been underperforming (compared to a historical basis) on any realistic measure of cash flow from operations. In order for employees to make lots of money, the company should be making lots of money (not pro forma three cents per share.)

Best, Huey@siliconvalleycultureofentitlement.com
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