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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (30664)	2/17/2002 9:49:45 PM
From: orkrious	Read Replies (2) \| Respond to of 99280

Your argument and very well written preceding post are why the law is like it is. That doesn't make it right. The truth is is that stock options compensate employees and dilute existing shareholders without hitting the income statement.

To: Boca_PETE who wrote (30664)	2/18/2002 12:33:14 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

<<And yes, the system occasionally breaks down when dishonest people who lack integrity collude like appears to have happened at Enron.>> it broke down long ago.The idealized premises that you state for company stock options turned to greed motivation in the fires of the BIG Bubble,management and employees became obsessed with a rising stock price,ticker watching employees,neat:), and more seriously others went to specious accounting,while CEOs became CNBC buy our stock hustlers rather than doing what should they should be doing, building an honest company.In short the idealized concept for employee stock options went to hell.