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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: Ed Don who wrote (3676)5/16/1999 7:49:00 PM
From: StaggerLee  Read Replies (2) of 13157
 
And it's not like he's not getting a salary. $295K for a company of this size is fairly competitive on its own. A better options plan would be if his cash compensation were reduced by some fraction of the value of the options he receives. It's not as though the value of these benefits are impossible to estimate. 100,000 3-year options are worth about $600,000. I'd have no problem with offering them to Samuels for, say $150,000 as a fringe benefit and reducing his cash compensation by $50,000 a year for 3 years. That's giving him a 75% discount over what the options would be worth on the open market if ACTV could have sold them to the public. It's still "costing" us $450,000, but it's better than $600,000 and it certainly gives management better incentive to perform.

Plus, if the stock tanks like it did for the first 5 years this guy was in charge, the company still gets $150K in payroll savings. It's, like, the perfect plan.

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