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To: KeepItSimple who wrote (173062)6/16/2002 2:03:33 AM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
KIS -

Is it fair to assume that you didn't read to the end?

None of the above should be misconstrued to say that option grants are not
greatly abused. They are, but the problem is not with the option grants per
se, but rather with the use of stock buybacks at any price to disguise the
share dilution. This is where accounting should be looking for remediation,
along with making sure that option grants are fully reflected in the
reported share count dilution, possibly even 100% at time of grant until
void. There is clearly a major inherent conflict of interest between
management and shareholders when it comes to compensation of all types.


Regards, Don