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To: Monica Detwiler who wrote (66342)12/27/2001 2:00:10 AM
From: whortsoRead Replies (2) | Respond to of 275872
 
Re: "Jerry Sanders has been looting shareholders - voting himself more shares - and now using AMD's cash to buy back shares on the open market and then give them to himself.
A dirty deed - but the folks on this thread will call it a noble act, however."

I wonder just how outraged these people will be about AMD using their cash to line Jerry's pockets? Will they bother to do a study of a year by year buyback verses Jerry's options exercises?

The Whort



To: Monica Detwiler who wrote (66342)12/27/2001 2:25:04 AM
From: ElmerRespond to of 275872
 
Elmer - I agree - Jerry Sanders has been looting shareholders - voting himself more shares - and now using AMD's cash to buy back shares on the open market and then give them to himself.

If AMD was a growing thriving company I wouldn't spend much time faulting him. But for the last 15 years or so AMD has gone nowhere while Jerry has used this scheme to milk a fortune from AMD's treasury. It's too bad these Droids can't see their own hypocrisy.

EP


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