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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: smchan who wrote (19127)	6/6/2001 9:06:31 PM
From: Dr. Stoxx	Respond to of 39683

Yes, options as compensation or in lieu of a pension are different matters. Also different are those employees who buy into a stock purchase plan. Of course, in these cases selling should be dictated, as you said, by what is best for one's personal situation. But these top exec's who, in addition to huge salaries, also get scads of shares as bonuses, and then exploit their insider views to sell at the top, would seem to me to be undermining the free market obligation to build a sense of trust in, and loyalty to, the company brand. Mind you, I wouldn't want us to mimic Europe by imposing strict tariffs on insider transactions... ...not sure I know what a feasible solution is. But it doesn't seem right, in this post-bubble economy, that loyal shareholders become the victims of the whims of overly paid CEO's who are in a position, unregulated, to profit from the very hype they issued to create the bubble in the first place. I side with Fukuyama that the most important virtue in a capitalist society is the generating of public "trust"...and I don't see examples like those you cited from the article as helping toward that end. But then again, were I in the same position I'd likely do the same...namely, sell into strength! TC