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To: Chuzzlewit who wrote (138148)	7/30/1999 6:02:00 PM
From: PMS Witch	Read Replies (3) \| Respond to of 176387

Employee stock option stuff... How about this ... Pay employees a fair salary. If those employees feel the stock of their company is a good investment, they can buy shares with their own money. Account for wage costs in the usual way. We've all heard of secretaries becoming millionaires through their company stock options. I find it hard to imagine what kind of contribution a secretary makes to the company that would be worth millions. (I haven't anything against secretaries. I just needed an example.) If an employee is rewarded by a company beyond their contribution to that company, the management of that company simply hasn't been good stewards of the resources placed in their trust by the shareholders. I've heard people say that options are necessary for start-ups with little cash for wages. If the venture capitalists can stump-up for everything else, they can cough up a little more and pay the help. I don't see any excuse for a mature company to engage in this practice. Just my thoughts, PW.

To: Chuzzlewit who wrote (138148)	7/30/1999 9:16:00 PM
From: Jean M. Gauthier	Respond to of 176387

I agree wholeheartedly.... This option game has gone much. much too far. I have a friend, that has just been hired by Cisco. He will be a techie, working & supporting sales people. Now I know he's a great guy, a good friend, and is competent at his job. BUT, with the "options game", he will be getting.... are you ready for this.... really ready for this ? .. .. .. 2000 Options a YEAR + Stock Purchase Plan at -15% Discount, up to 20% of his already considerable salary... Ohh... and his salary you ask ? $ 150,000 + BENEFITS... This options game is diluting shareholder equity ain a big way, and it has to at least be accounter for & reined in What do you think ? Take care Jean