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Technology Stocks : Long Term Investors' Outpost -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (469)	8/22/2002 4:39:48 PM
From: chaz	Read Replies (2) \| Respond to of 562

Huey... Didn't bother me a bit. I'm a very open minded sort, and all are most welcome to express opinions counter to my own. I expect the same of others. Doesn't always happen, but I shrug it off. Not everyone is like me. I feel, WRT options granted to management, that they are a abused, failed system. Better, I believe, to simply grant shares, voted by the now independent board, and post the expense. There's no repricing possible. Option grants do not align management's interests with an investor's, and that's the major reason why I feel this way. With stock grants, all the mickey mouse about calculating the expense goes away. The abuse opportunity goes away. I'd treat loans to management the same way. The very idea that a company may simply give away dollars with forgivable loans, whether to build houses, or purchase stock behind repriced options, is just incredible to me. It's not capitalism, it's wealth redistribution (read: theft in disguise), and it's definitely not in an investor's interest. Now I realize fully that individuals who form companies do so for personal economic gain. However, when that gain comes from the hide of investors rather than from customers then a line is crossed. We are investors because we too anticipate personal economic gain. We choose companies because we believe the market for that company's products is growing according to our needs, and we believe what management tells us about how the company is progressing. Are we properly served if a management team misleads us with bogus information? Someone will surely tell me I have the freedom to avoid the suspect companies. Yes, I do, and I will try harder to do just that. But if I am being lied to, how will I know? Chaz