Siebel Systems (SEBL) - strong buy? Message Board

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

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To: stephen wall who wrote (6045)	6/14/2002 2:47:08 PM
From: hueyone	Read Replies (1) of 6974

The committee did say, in this year's report to shareholders, that it "reviewed the stock option positions provided to chief executive officers of comparable software companies" and made grants "to maintain the overall competitiveness of (his) compensation package". Executive compensation is tied to compensation at other companies whose CEOs are screwing the living daylights out of outside shareholders. Even so, Tom Siebel over-screwed on a comparative basis. Yet Siebel still fits a pattern in company after company I have examined this year. Compensation committees responded to a slumping stock price by granting more and more options during the year, each carrying a successively lower strike price. What happened to the idea that stock options were supposed to be related to performance? Continuing his past practice, Siebel took care of the two directors on the compensation committee The compensation committees simply feed themselves and the CEOs. They could give a rat's ass about outside shareholders. Best, Huey

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