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To: Madharry who wrote (13972)2/19/2002 5:31:35 PM
From: Bob Rudd  Respond to of 78576
 
Madharry: Hard to say about the details, but it looks like faster disclosure is on the way:
SEC to Propose New Corporate Disclosure Rules
sec.gov
There's an intesting audio interview with Jack Ciesielski, Author, The Analyst's Accounting Observer, on current accounting issues here:
yardeni.com



To: Madharry who wrote (13972)2/19/2002 5:39:52 PM
From: Terrapin  Respond to of 78576
 
Re Tyco split and benefits to management.

Tyco management is very well compensated in stock and options such that they have a great interest in increasing shareholder value. Although I am unaware of any additional benefits the two main people (CEO Dennis Kozlowski and CFO Mark Swartz) stand to receive shares in the spin-off companies. Also, I am not sure the term golden parachute applies since they have both committed to staying on to manage the main 'stub' after the break-up.

FWIW I agree with your recommendations for increased disclosure of insider activities. I heard talk about the SEC decreasing the amount of time for reporting insider trades (and that is a good step) but the other activities you mentioned, while not damning evidence of illegal activities, would still be very good to know.

Best to all,
Terrapin