PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: David W. Ricker who wrote (3632)	11/20/1998 12:33:00 PM
From: Chuzzlewit	Read Replies (3) of 4509

I can't say I'm surprised. In fact I predicted this about a month ago after PSFT's precipitous drop. This move is nothing short of robbery! The entire rationale behind options was to make employees (particularly senior management) sensitive to the price of the stock -- put managers and shareholders on the same side. But it has become a surrogate for cash salaries as a way to hide true costs. Forget about Momentum as a ruse for hiding costs. You need look no further than employee stock options. And when they reprice them that is like throwing salt on the wounds. This move is a breach of faith. In essence Duffield is saying that come what may, top management has a right to pick shareholders' pockets. I am disgusted! CTC

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