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.

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

To: Michael Bakunin who wrote (76281)	2/20/2000 1:18:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 132070

Michael, what about issuance of stocks via employee stock option plans? it seems to me that many companies are nowadays issuing stock to employees as fast if not faster as they buy their stock back. which is one of the reasons why i believe the accounting rules regarding stock options need to be changed...obviously, they are an expense in the final analysis. in any event i would expect current buyback and ESOP practices to change once a bear market hits. Barron's recently published a list of companies (all 'old era' types with earnings) the stocks of which have fallen precipitously in spite of pretty generous buyback programs. their managements now look foolish, as the additional debt incurred to finance the buybacks remains on the balance sheet with nothing to show for it. hb