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To: Michael Bakunin who wrote (97292)1/24/2000 2:49:00 AM
From: Process Boy  Read Replies (2) | Respond to of 186894
 
Micheal - <As for Buffet, when he buys a company outright, it is his habit to discontinue options grants.>

Good for him. Now anybody that strenuously objects to having stock options as part of their compensation have some place to work.

Also, anybody who strenuously objects to investing in companies that grant SOP's have the alternative of buying a few shares of Berkshire.

PB



To: Michael Bakunin who wrote (97292)1/24/2000 3:16:00 AM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Bakookin - Re: " berkshirehathaway.com are replacing General Re's longstanding stock option plan with a cash plan...existing accounting principles ignore the cost of stock options when earnings are being calculated, even though options are a huge and increasing expense at a great many corporations...often wildly capricious in their distribution of rewards, inefficient as motivators, and inordinately expensive for shareholders."

Looks like this decision coincided with Berkshire Hathaway's stock slide (BRKa) form $84,000 to $52,000 per share - while the Stock Option Tech companies have SOARED.

Paul