To: sjemmeri who wrote (15129 ) 8/11/2002 11:51:46 AM From: TimbaBear Read Replies (1) | Respond to Steven...However, if most or all of the options are going to the CEO and a few of his cohorts, they are (as suggested by Timba's analysis) pocketing all the profits. While that may be offensive, at least the business makes profits available for pocketing. And if an analysis indicates that market capitalization is cheap relative to those profits, the business should be attractive as a takeover by a company that may decide to dump the ceo and his posse, thereby, cutting that 'expense' and gaining the otherwise profitable business... had already been made by a company whose management is highly respected for its commitment to the shareholder. To hope that a "white knight" would come along someday, or to hope that the current management would be willing to give up the ride on the gravy train for anything close to a bargain price, I think would be too close to folly for a wise investor.they would make the offer.
