Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: eDollar.com who wrote (9610)	11/30/1999 8:06:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

Your keyword(s): e-trade CNBC 11/30/99 - 6:56:34 PM .....fiscal year is getting even better, with 4 million more stock options and an unspecified special bonus this year. It pales in comparison for the next few years, the new contract not bad considering the company didn't report any profits last year. Sharon epperson has our story. It's not easy selling investors on a company that isn't making money. But e-trade ceo cotsakos has become an expert. >> A tough quarter, we had bodacious numbers, that really has uncoupled e-trade from the rest of the pack. >> Appearing on cnbc last month, cotsakos didn't twel on the fact they reported a loss of 54 million dollars for the fiscal year. Instead he touted e-trade 's staggering increase in customer accounts. Up 185% in just one year. Now cotsakos has some bodacious numbers of his own to report. The online brokerage titan brokered a major compensation package for himself. That includes 1.7 Million dollars in salary and bonus. 2 1/2 Million stock openings, over the next two fiscal years, valued at over $75 million based on today's closing price. And a special enterprise value bonus, based on the rise of e-trade 's market capitalization, that's payable to cotsakos if the company is acquired. A year and a half ago, internet companies could woo executives with lower salaries and generous stock option grants. But executive compensation consultant randy ramirez says internet ceos now want the best of both worlds. >> It seems to be the recent trend, because internet ..... Copyright ¸ 1999 TVEyes.com, LLC All rights reserved. Questions, comments, or suggestions? Send us feedback. Your keyword(s): e-trade CNBC 11/30/99 - 6:58:27 PM .....executives in the marketplace. >> Especially an executive like cotsakos, who "time magazine" named one of the top 50 people shaping technology today. And online brokerage firm is ranked number one by industry watchers at gomez advisors, unseating the nation's largest web broker, charles schwab. Cotsakos thrived by making bold moose on the net, e-trade trying to acquire an online bank and creating a family of mutual funds. Though some may have been skeptical at first, e-trade is fast becoming a financial portal, a one-stop money marketplace. >> This is sort of the company that's always been pushing the envelope, and so here you have a company that's transforming the way that business is being done, you need the ceo is more than just someone running the business but actually a marketer to really push this entire movement. >> Online brokerage analyst greg smith says cotsakos is more than a ceo, he's a visionary who set high expectations for his company and for himself. Sue? Sue: Thanks, sharon. It's been quite a year for e.Trade. The stock is trading at about $30 a share, down from a 52-week high of 72. >>> Technology stocks led the markets lower today, eventually taking the blue chips down with them. After spending most of the day in positive territory, thanks to strong financial stocks. The dow jones industrials turned down and stayed down. The dow finished the day with a loss of 70, back below the 10,900-point level. ..... Copyright ¸ 1999 TVEyes.com, LLC All rights reserved. Questions, comments, or suggestions? Send us feedback.