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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (14018)	2/27/2002 3:09:25 AM
From: Bob Rudd	Respond to of 78666

OT...Jurgis <<"Incentive pay considered harmful" tough topic...>>Getting incentive compensation right, or at least, less wrong, is one of the toughest things in business. So many incentives produce unintended and unforeseen consequences... OTOH, as the employment 'contract' continues to shorten...with lifetime employment at a single company pretty much a distant memory, current financial incentives have become more important as employees realize that may be all there is.

To: Jurgis Bekepuris who wrote (14018)	2/27/2002 8:44:34 PM
From: jeffbas	Read Replies (1) \| Respond to of 78666

One brief comment on options that I did not see made. In at least the technology area, there is only one way that a small company could attract a senior level management person from a successful company to be CEO - OPTIONS. XICO is an example, where Lou DiNardo left a high level job at LLTC (and a load of goodies) for the opportunity to run his own company as CEO, plus 600,000 options at the prevailing price of $3.75. Boy am I pleased with the job he has done, after being stuck with the bumbling founder for too many years. I consider this capitalism at work.