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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 337.09+0.2%Dec 4 4:00 PM EST

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To: Wally Mastroly who wrote (2304)3/13/2003 6:56:23 AM
From: Boca_PETE  Read Replies (1) of 10065
 
Wally M: re:("Plan Restricting Stock Options Stalls at S.E.C.")

NOW THIS WOULD HAVE BEEN CONSTRUCTIVE.

- It would have given company shareholders a way to stop company management from reaching directly into their wallets and unknowingly having shareholders directly pay employee shareholders profits on their shares purchased under option plans at lower prices.

- It would have given company shareholders a way to stop dilution of their share values from excessive company granting of stock options to employees and executives.

EXPENSING OPTIONS IS A BOOKKEEPING FARCE because it distorts COMPANY option cash flows in COMPANY financial statements. It's a bad joke! The king has no clothes!

nytimes.com

"The rule, proposed in August by the New York Stock Exchange, would require companies whose shares are traded on the exchange to put all new stock option plans to a vote of their shareholders. The rule would also stop brokerage firms from voting the shares of customers who have not voted themselves. Such broker votes are always cast with management on matters that come up for a shareholder vote."
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JMHO,

P
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