Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: portage who wrote (28944)	2/19/2003 4:09:01 PM
From: Stock Farmer	Read Replies (2) of 74559

Whatever the particulars, I call it the huge options grants a gigantic scam. Boards of directors taking care of their cronies, and shareholders taken to the cleaners. Legalized robbery Robbery? No. Parting, um, "folks" with their money? Yes. What should we expect when we reward individuals by the degree to which they make their rewards vanish from the books?? What should we expect when we listen to folks saying "as soon as you take this off my hands, it's going to go way up in value... the sillies who own it don't have a clue what it's worth"?? Particularly when they are the financial world's equivalent of used-car salesmen? If you hire Charles Manson to babysit the kids, you shouldn't be surprised at the mess when you get home. Responsibility is a hard thing to take some times.

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