Compaq Message Board - Msg: 16989839

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Technology Stocks : Compaq

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To: John Koligman who wrote (95021)	1/31/2002 12:07:39 PM
From: Night Writer	Read Replies (3) of 97611

John Koligman, I remember the five million loan and scheduled forgiveness to MC when he was made CEO. The CPQ board reasoned that they wanted MC to be a large stock holder to aline his interest with the company. At the time, I thought it was a strange way to make him a stock holder. Why not just give him options? Maybe the board reasoning was the five million was really stock on hand rather then cash money. I also wonder what would have happened to the loan if MC left or was fired for some reason. A strange compensation package. The Ebbers setup is not good. Another case of taking stupid pills while smoking greed weed. NW

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