Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.96

+1.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: engineer who wrote (114219)	2/24/2002 11:08:28 PM
From: Dexter Lives On	Read Replies (1) of 152472

the options spurred on the employees to perform and create wealth for all of you. At the time I got mine it was a GIANT risk and I took a $25k cut in pay to work there. It took 14 years forthem to become worth something, meanwhile we all built divisions which still to this day produce $1.5B a year in free cash flow. This is exactly what these incentive plans are supposed to do. I wasn't knocking legitimate stock option programs (I'm in one myself - like you I took a pay cut); congrats to you if you were part of this and both you and the capital holders were well rewarded while you were working for them. Can you tell me though, whether the plans in use today are achieving these same ends. I strongly doubt it - today's managements have transformed agency risk into agency cost - and that cost has become MASSIVE. They write their own tickets knowing full well they are guaranteed. How does that serve shareholders? Management and BOD has become indistinguishable; how is it that BOD members pumping out shares like there is no tomorrow serves the interests of shareholders? Any QCOM insiders buying at these levels? Any rewriting of stock option plans to reward management for their ineptness? Options are expensive and the dilutive effect is lasting; corporate governance is supposed to prevent this abuse - THE SYSTEM IS BROKEN! Rob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next