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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (5763)4/16/1999 11:30:00 AM
From: Jeff Vayda  Read Replies (1) of 10852
 
I have said it before and I will say it again: BS and others should be paid in relation to how the stock does, not at the whims of a bunch of cronies.

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Satellite manufacturer Loral Space & Communications Ltd. [LOR] tripled top exec Bernard L. Schwartz's pay last year to
almost $6.3 million, mostly in the form of a $3.7 million stock option award. The company boosted Schwartz's salary 53 percent in
1998 to $1.5 million, and increased his bonus 20 percent to $600,000. Gregory J. Clark, the CEO's second in command, received
a $12 million pay package in his first year as the company's president and chief operating officer, according to a proxy statement
filed with the U.S. Securities and Exchange Commission.

I want them paid for current results not future promises.

Jeff Vayda
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