Riechers,
You obviously missed the entire message that I was trying to put forth. My point is simply pay the people at Bay the prevailing, current market rates. That rate does not mean giving away, I mean at a discount, $480 million of the value of the company. Calculating that out, that means that each of Bay's approximately 6000 employees will receive over $77,000 worth of stock at a 15% discount from current market prices, that is an additional bonus of $11,600 over their normal compensation. I am sure that Bay engineers draw nice salaries, recieve bonuses, family health care, and days off. Perhaps even some performance related incentives also. There is no need for shareholders to have to fork out another $11K on top of all of that.
Like I said, I am going to investigate this to see what the current market rates are for share increases.
And before somebody else jumps down my throat. I AM NOT AGAINST PAYING EMPLOYEES OR CREATING INCENTIVE VIA STOCK OPTIONS OR ESOPs. I also realize that my back of the envelope calculations do not consider normal financing activities by the company for raising capital. It was merely for illustration purposes.
Wayde. |
