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To: sandeep who wrote (52997)	1/2/2001 6:31:46 PM
From: yard_man	Respond to of 436258

>>Employee stock options have been shown to help companies attract the best talent. << How has it been shown -- how can you even perform such a study? I think it would be rife with circular logic. Name a "top" corp that doesn't do it -- that doesn't prove that it allows them to attract the top talent. Need I say, it has only "appeared" to work in a bull market ... What I see as a somewhat jaded observer is a lot of job-hopping and a new fiat currency. The new fiat currency isn't any better than the old one -- indeed it seems to be more ephemeral than the first ...

To: sandeep who wrote (52997)	1/3/2001 1:42:21 AM
From: Thomas M.	Read Replies (2) \| Respond to of 436258

Employee stock options have been shown to help companies attract the best talent. You are confusing micro with macro. So a smart guy goes from Intel to Brocade. How does the overall economy benefit? Answer: it doesn't. However, while groping blindly in the dark, you have stumbled on one important way in which stock options have hurt our national productivity. The concentration of these lottery tickets in the technology field have drawn a lot of our brightest talent into that field. Rather than allocating the top talent to the most profitable companies, our economy has directed these people to the company most likely to hoodwink dumbass investors with a really cool-sounding IPO. I know a number of people who have wasted the past few years working for Dot Com black holes. Tom