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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%Nov 11 3:59 PM EST

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To: Peter J Hudson who wrote (114187)2/24/2002 3:00:31 PM
From: Dexter Lives On  Read Replies (1) of 152472
 
The wealth created for QCOM employee's by participation in company stock incentive plans is a success story not a scandal.

Wealth granted employees is taken from shareholders - if the shareholders are unaware of the nature and scope of this effect, is this not a scandal? Unquantified stock dilution is theft from shareholders, especially if options grants are made based on artificial (and manipulated) measures of performance. Incentives that favor short-term gains over long-term value are destructive to existing shareholders. Options grants started out as a way to pay lower cash comp; it was turned into a trough for managers to feed at. So much for corporate governance when the BOD all have their faces buried in said trough.

IMHO. Rob
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