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Technology Stocks : Ampex Corp.
AMPX 12.73+13.1%Nov 7 9:30 AM EST

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To: James Feldman who wrote (5446)4/28/2008 1:38:24 AM
From: Hal Campbell  Read Replies (2) of 5839
 
Ahhh "Logic"

Bramson a white collar crook? That makes absolutely NO sense to me at all. Not a dollop.

A wise ass (me) during the iNEXTV days once suggested that Ampex would have been better off sending the inextv staff off to work for McDonalds and pocketing their salary... and given inextv's financial results they would have been better off. Much better off.

Bramson did something similar when he made his move on 4imprint while still Ampex CEO - pretty outrageous exercise I grant you but as it turned he moonlighted to the company's benefit. He turned all his compensation over to ampex, and made, if I recall, well north of 2 million for the company. He also left those $1.15 options on the table when could have legally cashed them in for a huge sum. He just let them expire, even though he had been pushed out.

And he bought more shares over the years than any of us, and as much as we have suffered....he suffered more financial harm ...by the measure of dollars lost anyway....from their dismal long term performance.

Does any of that mean he was a good CEO? Nope. He really was not.

But that's not my idea of how a crook behaves. Obviously other folks have different ideas....

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