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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (14643)	3/5/2000 9:51:00 AM
From: clochard	Read Replies (1) \| Respond to of 42523

When I lived in Texas the air conditioner would run practically all the time from May-October. My electric bills ran up to $200 in the summer. For that kind of money I can pay my utilities AND my property tax in England. When my puts expire this month I will probably not be around here much. I want to forget that I ever lived in America. Too bad I can't sell my American passport to recover some of my losses.

To: re3 who wrote (14643)	3/5/2000 10:00:00 AM
From: Giordano Bruno	Respond to of 42523

Sunday morning inspirational... What do you give the retiring chief executive who has everything? A gold watch? A Caribbean cruise? How about a bundle of stock options worth more than $30 million? The American Express Co. gave Harvey Golub, its chairman and chief executive, options on 750,000 shares of stock last March, according to a proxy statement filed last week that valued the "special award" at $30.9 million. The options raised Golub's total pay to about $52 million. He got an additional $38 million from exercising other options the company had granted. A company spokesman said the options rewarded Golub for a job well done and gave him "an incentive to stay during the transition." Golub, 60, will give up his job as chief executive to Kenneth I. Chenault, the president, in April 2001, and his chairman's post a year later. Chenault, 48, received options worth $16.5 million plus stock worth $4.9 million, raising his 1999 pay to about $32 million. Until not that long ago, companies stopped granting options to executives about five years before they retired, said Graef Crystal, a compensation consultant. Now, more boards hand them out as going-away presents, or, as in Chenault's case, coming-in presents. These days, Crystal says, "there's always a cause for celebration in the world of executive compensation." -- Patrick McGeehan