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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Kevin Rose who wrote (5927)6/7/2002 9:53:44 PM
From: hueyone  Read Replies (1) of 6974
 
One of the key components in this life cycle is stock options.

Silicon Valley was a leader in technological innovation long before employee stock options mushroomed out of control in the nineties. At the same time, I haven't seen any proposals to do away with employee stock options. Personally, I just want to see stock option compensation openly acknowledged and recorded as an expense on the income reports to shareholders.

I would suggest two things

Your compromise ideas are certainly an improvement over what we have now.

I grew up in a corporate neighborhood in Palo Alto in the fifties and sixties. I would guess the average CEOs pay may have been 30 times the average workers pay at the most back then. Now it is 500 times and it grew from 100 times just during the last ten years ---largely due to the stealth nature of unreported stock option compensation. Its hard for one's investment in a public company to make any money when the execs can run off with all the money and don't have to report it on the income statement to shareholders.

Best, Huey
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