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To: Edward W. Richmond who wrote (4363)8/16/1999 11:22:00 PM
From: AriKirA  Respond to of 8117
 
Excellent find Ed!

One of boards' biggest sins these days, he says, is the stock options they grant themselves, particularly in the United States.

"Companies are borrowing money to buy back stock to drive up their own stock options," Mr. Bertram says. "That's not creating shareholder value. The pendulum has swung too far. The interests of management have diverged from the shareholders. The whole options thing has divorced CEO pay from reality


AK