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Technology Stocks : Intel Corporation (INTC)
INTC 37.73+2.4%9:31 AM EST
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To: Amy J who wrote (172706)1/30/2003 11:40:23 AM
From: GVTucker  Read Replies (2) of 186894
 
The primary legitimate area of concern is that in most cases, investors were lied to in a way. When the compensation packages started to get really extreme in the 90's, the justification was that management was taking the risk alongside the shareholders, and the only reason management were doing so well was because shareholders were doing well.

Lo and behold, shareholders stopped doing so well, and yet management continues to reap outsized rewards. And that's wrong.

With the notable exceptions of Microsoft (who never really let management compensation get out of control) and Cisco (who compensated executives well in the bubble but cut them back sharply when the bubble ended), most of the rest of Silicon Valley is guilty to some extent. And while Intel certainly isn't the worst, they aren't exactly clean, either.
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