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Technology Stocks : Long Term Investors' Outpost
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To: chaz who wrote (470)8/22/2002 5:31:44 PM
From: hueyone  Read Replies (1) of 562
 
Better, I believe, to simply grant shares, voted by the now independent board, and post the expense. There's no repricing possible. Option grants do not align management's interests with an investor's, and that's the major reason why I feel this way. With stock grants, all the mickey mouse about calculating the expense goes away. The abuse opportunity goes away.

Thanks Chaz. This sounds like a very good idea and significant improvement over the current situation to me. I would further add that the stock grants could be in the form of restricted stock and they would still be expensed under current accounting rules.

Best, Huey
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