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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (23091)	10/15/2002 2:39:40 AM
From: OWN STOCK	Respond to of 24042

Tiger, Fallope: It is apparent public posting does nothing, as some are not humiliated in the least. Indeed, they consider their over inflated compensation packages well deserved. But in reality, they are not to be blamed. Blame the board members. They approved the packages. In the old days, these people would have been run out of town on a rail, after a good tar and feathering. This is exactly what the SEC was created for, but now chooses to forget. Just like the Sarbanes bill that completely overlooks the responsibility of the boards of directors, among other glaring issues: redherring.com "Best gravy train of them all? The technology field, where stock option grants lifted the average total compensation of directors last year to $264,363--and that during a year in which technology stocks were crashing. The top two first-class tickets on that train? Cisco Systems and Oracle, where directors each took home an unbelievable $669,536 (Cisco) and $671,347 (Oracle) in 2001, mainly from options. The award for most creative: General Electric, where in 2001 the vigorish included, amazingly enough, a standing opportunity for board members to buy ultraexpensive diamond jewelry at deep discounts from a GE-owned company in the diamond business." With Sarbanes, we can expect they (fat cats) will simply forego options in favor of straight cash...especially these days! I mean, why risk it? Let the poor sucker employees take options for compensation and retirement! ;-) -Own