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To: Jacques Newey who wrote (166759)	6/21/2002 2:30:28 PM
From: Amy J	Respond to of 186894

Jacques, RE: "although [optons] roughly equivalent to cash...These guys do understand options and the peril " -------------------- Equating options to risk-free cash certainly proves they don't know what they're talking about. These guys do not understand options. If they negatively impact options, more people will be laid off (these guys don't count the cost of that) and if they excessively tax options (as if they're risk-free cash, go figure), they'll hurt innovation and GDP. Of course, they wouldn't know it until they do it, because they have no clue how to count the most important intangible ingredient to GDP, which is motivation. Ironically, they appear to want to kill motivation by killing options, yet they are the first to deny that options are motivating. How ironic. Someone at Enron was fraudulent (through cash bonus and salary in addition, I may add), yet, they will not acknowledge that the "take-it-and-run" cash bonuses & outrageous salaries were at issue. They do not acknowledge that options are a positive motivator for innovation in high-tech. In their minds, they are only a negative motivator, and this in turn is essentially implying that the hardworking employee-base of high-tech is majority corrupt. Nevermind the fact that the fraudulent behavior was performed by certain Oil Executives who as a total have less than 10%. So, penalize the 90%+ productive troops, kill motivation, hurt investors like me, and then to claim they didn't kill motivation would be about as logical as saying it never rains in Oregon. They clearly don't know what they are talking about. And they clearly have not operated an innovative high-tech company. Regards, Amy J