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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: stephen wall who wrote (6045)	6/14/2002 1:09:08 PM
From: JakeStraw	Read Replies (1) \| Respond to of 6974

As a result, his pay package for 2001 was just 20 percent lower than the $241.1 million he received in 2000. That earlier package included stock options with an estimated present value at grant of $238.6 million. Last year's pay was quite a reward for someone who presided over a stunning decline in his company's shares. Total return for the stock was negative 59 percent, a lot worse than the negative 12 percent return on the Standard & Poor's 500 Index and the negative 33 percent return on the Nasdaq-100 Stock Index. Un-freakin-believable what they get away with while the equity holders lose money!!

To: stephen wall who wrote (6045)	6/14/2002 2:25:14 PM
From: mike thomas	Respond to of 6974

Looking at the price of this stock I think a lot of people have taken Siebel's advice and have moved on to another stock, sure wish I had. A ray of hope though, with the Smith Barney downgrade, they usually pick the bottom. regards

To: stephen wall who wrote (6045)	6/14/2002 2:47:08 PM
From: hueyone	Read Replies (1) \| Respond to of 6974

The committee did say, in this year's report to shareholders, that it "reviewed the stock option positions provided to chief executive officers of comparable software companies" and made grants "to maintain the overall competitiveness of (his) compensation package". Executive compensation is tied to compensation at other companies whose CEOs are screwing the living daylights out of outside shareholders. Even so, Tom Siebel over-screwed on a comparative basis. Yet Siebel still fits a pattern in company after company I have examined this year. Compensation committees responded to a slumping stock price by granting more and more options during the year, each carrying a successively lower strike price. What happened to the idea that stock options were supposed to be related to performance? Continuing his past practice, Siebel took care of the two directors on the compensation committee The compensation committees simply feed themselves and the CEOs. They could give a rat's ass about outside shareholders. Best, Huey