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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (5827)	4/25/2000 9:42:00 AM
From: Big Bucks	Respond to of 15615

JDN, Good point about possible poison pill plan. BB

To: JDN who wrote (5827)	4/25/2000 10:53:00 AM
From: Big Bucks	Read Replies (1) \| Respond to of 15615

JDN, After giving it some thought, I'm not sure I support the concept of a poison pill plan. It is great for management and insiders but really does nothing for common shareholders. It basically eliminates the "option" of the company being taken over to realize its' immediate intrinsic value. Having worked with very high level management, in my past company at various times, it has become painfully obvious with me that they always take 75% of the cream off the top (even if they only own 5-10% of the shares)and leave the rest for the shareholders to divvy up. According to what we've seen about Annunziata's compensation for being in control only for about a year it appears that upper management is way over-compensated at the expense of the common share holders. These guys make tons of money regardless of how the company does. I favor merit based compensation with some "strings" to insure that shareholder rights are protected. A poison pill does nothing for me or other shareholders. JMO, BB