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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (46617)2/11/1999 9:31:00 PM
From: Richard Gibbons  Read Replies (2) of 132070
 
You wrote: "I dislike the idea of paying [employees] with stock options so their number one incentive is to pull out all the sharp pencils to make the next quarter so they can get their bonuses and cash in."

I'm confused about this argument. My options vest over a period of 4 years, and historically, I've been issued options each year. Don't I have a motivation to make the company successful constantly, since I constantly have options that are unvested? Why should this give me a quarterly view? I can see that it would encourage me to make the stock price bloated over the long term, like they are now :), but I don't understand where your "quarterly" reasoning comes from.

(Hmm, if you come up with a good argument for this point of view, maybe I'll to get a quarterly perspective to my work rather than a long term perspective. :) )

Richard
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