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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.3%

Jan 23 9:30 AM EST

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To: Lizzie Tudor who wrote (63340)	3/15/2003 7:43:49 PM
From: BWAC	Read Replies (1) of 77400

Well it most definitely isn't FASB's job to set executive compensation. It is the job of the SEC in its simplest form to protect shareholders and insure financial integrity. Now? Anyone ever try to jump thru the SEC hurdles to get a compensation reform issue on the proxy? You can't. The company, in cooperation with the SEC, will invoke numerous reasons that your proposal can be omitted and ignored. So the SEC is passing the buck. And shifting the backlash focus onto easy, but irrelevant to the problem and solution, targets such as expensing options. You want excessive compensation packages and excessive management option grants stopped, then the shareholders must be allowed to set forth and pass binding resolutions. Without the blocking of the SEC.

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