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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (52356)	7/29/2002 11:16:53 AM
From: paul_philp	Read Replies (1) \| Respond to of 54805

Huey, This is as close as I can find. It is not the actual text but it describes it's content well. salon.com This is the section I find very troublesome - Top executives should be precluded from selling their holdings of company stock while serving in that company. They can be allowed to exercise their options, but their net gain after tax should be held in company stock until ninety days after they leave the company. In the past, this measure might be viewed as intruding on the right of executives to manage their personal finances as they see fit. But it's time to recognize that with privileges and power come important obligations to the public. Stock option grants awarded to top executives by corporate directors who represent the public are intended to align the interests of corporate leaders with the interests of public shareholders. Diversification of investments is a good idea for the investing public. But it's not a good idea to allow those responsible for the stock prices of publicly owned companies to reduce their financial exposure to the performance of their companies at a time of their choosing. As long as they retain their great responsibilities and attendant privileges, they should retain their full exposure to the consequences of their management decisions. Paul