You raise many, many very good points, Bill.
You quote the EDGAR database which is maintained by the Securities
and Exchange Commission, (SEC). This is the database of ALL public
filings of ALL public corporations. Since this is the U.S. Government, ( at it's most viscious & immoral ), I have no doubt
what is here is true. (Yes, I despise these Gestapo bastards,
but that does not mean the information filed here is not correct.
I assure you, the companies bend over backwards to make CERTAIN
what they file is as accurate as is humanly possible!)
Ok. pardon the editorial. Now, as to your questions...
1) SInce it was disclosed in public, while it is easily construed
as manipulation, it is not illegal manipulation.
2) Of course he will! THAT is the whole concept of such options.
If the CEO can deliver results that Wall Street likes, he benefits,
as does the board that voted in the package.... as does the BIG
funds and investors that own the stock that control the board.
3) My guess is (WITHOUT looking it up), that 2 million shares is a
realitively small amount of GNT stock. Not small to ME! Small
in relation to the number of shares out. I personally have
seen blocks of over 100,000 shares of a NYSE listed stock traded
by employees exercising incentive options. Based on average
daily trading volume & total shares out, the options are meaningless. (Personally, I'd own the island next to Marlon
Brando, and I'd be raiding his harem! <BG>)
4) As an owner of 10,000 shares? I'd say "Go boy! Run!" I'd sound
like Sly Stone at Woodstock... "I wanna take you ... "HIGHER!" <g>
5) Does anybody deserve this? IMO, NO! Do the folks who have been
laid off at IBM to turn that company around deserve to be
unemployed? NO! Do we, as greedy pigs reward this? YES!!
6) Regarding the board... they are looking for results. If giving this
guy options at a price that at the time was below the current
market price, made the market price go UP, then it was a wise
decision in the eyes of the board and in the eyes of the shareholders.
Your question covers a lot of ground. It shows you are a deep thinking
man. Unfortunately, our society has "evolved(?)" to the point where it
does not serve 2 masters... profit and ethics. That makes me a dinosaur. I have a feeling you too, are on the endagered species
list. Personally, I have no problems being there.
Regards,
Doug |
