Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Gary Korn who wrote (51154)	8/1/1998 11:19:00 AM
From: ALAN	Read Replies (2) of 61433

What bothers me is that ASND managements interests are not aligned with the ordinary shareholders. As we all know, essentially all management compensation is in the form of stock options. As we recently learned, ASND reprices their options down when the price decreases. Accordingly, during a period when we are losing money or breaking even, management is making a profit on these re-priced options. I wonder if management would make the same decisions if their compensation was on the line. PS I assume this repricing policy applies to management as well as the rank and file employees. The recent article implied that it did.

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