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Politics : Ask Michael Burke
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To: Tim McCormick who wrote (51824)3/14/1999 10:47:00 PM
From: Thomas M.  Read Replies (2) of 132070
 
From your Buffett link:

"... Though options, if properly structured, can be an appropriate, and even ideal, way to compensate and motivate top managers, they are more often wildly capricious in their distribution of rewards, inefficient as motivators, and inordinately expensive for shareholders. Whatever the merits of options may be, their accounting treatment is outrageous ..."

Tom
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