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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (67786)	9/16/1999 12:18:00 PM
From: Don Lloyd	Respond to of 132070

mb - (There are plenty, some in surprising (non-tech) areas. There was a list floated recently (Economist?) of the worst offenders; I seem to recall the champions had options obligations of up to 50% (!) of current shares outstanding, no mere 5% dilution there.) My use of 5% was to be interpreted as an annual increase of the diluted share count. Existing options that are counted currently don't matter, although new grants and old grants that change status from non-counted to counted would matter. Regards, Don