SI
SI
discoversearch

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 : Intel Corporation (INTC)
INTC 36.85+1.6%Dec 19 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carl a. mehr who wrote (172687)1/29/2003 6:59:38 PM
From: Saturn V  Read Replies (1) of 186894
 
Ref < Is Grove clean ? >

Oh Humble One, will you please define "Clean" !

( Please pardon the Clintonism !)

If you define "Clean" as someone who did not make money from exercise of stock options, then you will have to exclude the management of most successful American companies of the last fifty years. The management of HP, Intel,Apple, Sun, Oracle etc benefited themselves and their shareholders by working their butt off to increase shareholder value and the stock price. The list of "Clean" would be filled with the management of unsuccessful companies.

If the management indulged in PUMP AND DUMP then there is a violation of fiduciary responsibility. There is no evidence of that at Intel. If anything the management appears does not appear to have cashed out at the peak. Remember Intel went up almost 50 fold during 87-00 time frame.

However I am disturbed by the exercise price of $1.50 for David S. Pottruck who apparently joined in 1998. I do not understand how that came about! Intel needs to clarify this.

If Intel did indeed grant an option to Mr. Pottruck at $1.50 in 1998, then he must have paid massive taxes to IRS in 1998 for the difference between the market price in 1998 and the exercise price of $1.50. For this reason options are rarely granted below the market price.

After the Enron collapse where there was a obvious failure of fiduciary responsibility ( Insufficient disclosures about off balance partnerships, in which the management had ownership, and outright Pump and Dump), and WorldComm where there was massive accounting fraud, we have succumbed to a WITCHHUNT of all stock options.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News