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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.13+1.0%Nov 21 9:30 AM EST
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To: TPT who wrote (80870)2/4/2002 11:56:46 AM
From: Raymond Duray  Read Replies (2) of 93625
 
TPT,

Let me join the chorus. What Mr. Abramson did with his life was his own choice. It appears that he had every opportunity in the world to learn and understand the consequences of his action. He made a foolish choice in his handling of the stock options. This is something that happened to dozens of MSFT employees, based on terrible advice from a CSFB broker. None of the MSFT employees apparently thought that getting a professional opinion from an unbiased tax law professional was necessary. They believed the Wall Street promoter and they lost. They can not be said to be victims, they were willing to take the risk on holding the options because they were GREEDY.

Are we seeing a pattern here? The problem does not lie with the AMT, which has been designed to prevent tax loophole abusers from getting away with shirking all of their community obligations for the sake of selfishness and greed. It is a good tax concept and I am vastly disappointed at efforts by Republicans from Paul O'Neil to Tom DeLay to be attempting to disguise the repeal of the corporate AMT as a stimulus package. This is terrible public policy.

Instead of reforming the AMT, it would be far better for this nation for those who are so fortunate to be able to garner stock options to accept their responsibilities as members of a larger community.

-Ray
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