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Pastimes : Georgia Bard's Corner

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To: Boob who wrote (3876)7/20/1998 1:43:00 PM
From: Dusty  Read Replies (3) of 9440
 
Boob, thanks for saying what I am many others feel so eloquently.

There are many ways to structure payment for services rendered that appear legal and on the up and up. For instance Gary, mentions is it illegal for someone to "give" a "friend" stock? He alludes to what could be classed as a possible loosely constructed sale of stock; where payment is not being pressed for from the purchaser.

Well, it probably is not "illegal" but the greater question; is it moral? Such a situation could be structured to appear on the up in the event the transaction was ever called into question.

I personally, would have a struggle in not disclosing compensation if I had received compensation of any kind and was active in the company. But, again, that is just my code of ethics. I would feel guilty.

It could very well be perfectly legal to receive free stock or other compensation (money) and not be required to disclose it; but if it is the law should be changed.

This is my personal opinion and not a legal one.

Dusty
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