On the QT:
Your interest in Dell's insider selling is understandable. You can make a difference in the investing community by stepping up on the plate and bat for share owners.
The share owner proposal below for LU may give you a framework to think about stock options in growth companies you already own or may want to own in the future.
If you are willing to present a proposal at the annual meeting, and if you wish to have the proposal included in the Company's proxy statement, you must deliver the proposal to the Corporate Secretary of Dell.
Best regards,
Beni Mick Mormony®
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LUCENT NOTICE OF 1999 ANNUAL MEETING AND PROXY STATEMENT
SHAREOWNER PROPOSAL NUMBER 2
Mr. Robert D. Morse, with an address of 212 Highland Avenue, Moorestown, NJ 08057, beneficial owner of 1,314 Common Shares, has proposed the adoption of the following resolution and has furnished the following statement in support of his proposal:
I propose that the Officers and Directors consider the discontinuance of all bonuses immediately, and options, rights, SAR's, etc. after termination of any existing programs for top management.
This does not include any programs for employees.
REASONS:
Management and Directors are compensated enough to buy on open market, just as you and I, if they are motivated.
Management is already well paid with base pay, life insurance, retirement plans, paid vacations, free use of vehicles, etc.
Options, rights, SAR's, etc. are available elsewhere, and a higher offer would induce transfers, not necessarily "hold and retain" qualified persons.
Comparison with "peer groups," [other similar companies] pay is unfair, as other management could be better or worse. Would they also accept mistakes of others?
"Align management with shareowners" is a repeated ploy or "line" to lull us as to continually increasing their take of our assets. Do we get any purchase options at previous rates?
Please vote YES for this proposal.
If officers filled out a daily work sheet, what would the output show?
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