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Biotech / Medical : T/FIF, a New Plateau

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To: scaram(o)uche who started this subject	7/31/2002 8:28:56 PM
From: scaram(o)uche	Read Replies (1) of 2243

Message 17820673 "taxable on vesting" That's the key. Make employees pay for the options as they vest. Make them share the pain in the event of failure, to access the potential upside. The history of repricing at XOMA is a sickening example of abuse. For years, biotech millionaires have been walking, without having created a diagnostic or therapeutic. That attitude is what created the Waksals of the world. The attitude? "All one need do is keep a biotech alive, and you will be rich". It's the entire reason to be for the bait and switch companies of the world.

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