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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 298.98+0.5%12:01 PM EST
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To: Proud_Infidel who wrote (6178)5/23/2003 1:39:08 PM
From: BWAC  Read Replies (2) of 25522
 
Understand. That was the best way to handle it.

Now we are faced with the decision. Do we want to continue to be invested in a company run by someone who expects such compensation, and run by a BOD that is apparently prone to dole it out.

I think my answer is no at this point in time.

This might signal a huge change in the way the business is run. I was quite happy at the way AMAT was managing operating cost and expenses over this protracted downturn (and the prior one). It showed a strong sense of responsibility to the investor. Not letting operating losses drag on, being quickly proactive in sizing the business, etc. To me this compensation package could be the signal that next time it won't be like this. Irresponsibility and absurd executive greed just entered the building.
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