TIAA-CREF's proposal (number 4): 62% against
AFSCME's proposal to expense options (number 5): 65% against.
Tom Sebl speaking now. The guy is bragging about his low salary compensation now the last few years, but neglects to mention his 311 million in compensation from exercising stock options. What a jokester!!
Sebl's indefensible stock option grant rate:
Shares Outstanding Options Granted
Beginning of Year During Year
Year (Thousands) (Thousands) Grant Rate
1996 16,498 9,701 58.9%
1997 33,604 4,557 13.6%
1998 85,864 18,731 21.8%
1999 182,036 26,511 14.6%
2000 402,779 46,764 11.6%
2001 442,392 110,836 25.1%
2002 446,950 5,887 1.3%
Source for beginning shares and option grants: SEBL 10Ks
JMO,
Huey |
