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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.46

-3.7%

Nov 20 3:59 PM EST

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To: RetiredNow who wrote (63587)	4/17/2003 9:45:41 AM
From: BWAC	Read Replies (2) of 77400

<But you know, shareholders do have voting rights. So really shareholders CAN vote down a stock option plan. The problem is that shareholders don't vote and individual shareholders hardly ever hold the majority. The institutional holders on the other hand are just part of the rubber stamp parade. > Partly true. The shareholders may have voting rights, but they actually have little to no rights to force the BOD to act on their vote. Their vote can be essentially ignored in many cases by the BOD if so chosen. Nonbinding. So this needs to be changed. Institutions are another problem. Mainly the Mutual Fund industry which is rubber stamping these excesses AGAINST the mutual fund owners best interest. Failing in their fiduciary duties to oversee investments. Point is. Option excesses exist. If you want it stopped, the expensing theory (as wrong as it is btw) is NOT the way to stop the excesses. It doesn't address the root of the issue. Which is BOD and CEO's taking advantage of shareholder ignorance, apothy, lack of enforceable rights, and fiduciary failures in the Mutual Fund industry.

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