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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?


To: Charles Tutt who wrote (2131)11/11/2002 12:38:54 PM
From: MeDroogies  Read Replies (2) | Respond to of 4345
 
I think he probably feels he can make a quick bill or two by overseeing a buyout/merger.
Nothing can really be done to make that company a leader again, aside from merging it with somebody with needs for its parts.



To: Charles Tutt who wrote (2131)11/11/2002 12:51:26 PM
From: Captain Jack  Respond to of 4345
 
Charles-- my guess is MC does not wish to be #2, behind CF. He wants to be top dog again. No one expects much from wcom so he will look good no matter what happens. Besides-- @ wcom he can shift blame on everyone else for anything bad & take credit for anything POSitive. Even few millions less in salary is better than being CFs #2. He can unload most of the company -- flush some of it--- and possibly end with a viable tiny version. A 'no lose' situation from where it will be eassier to move to a #1 position in the near future as wcom in present form has no future.



To: Charles Tutt who wrote (2131)11/11/2002 3:57:06 PM
From: BelowTheCrowd  Read Replies (1) | Respond to of 4345
 
Apparently, MC's employment contract has a nice fat "change of control" clause in it. He has a limited amount of time in which he case choose to take advantage of the payout. CNBC saying that leaving right now and taking the buyout gains him about $14m in bonuses and early vesting of options. By their reckoning, it might make good financial sense for him to leave even if the WCOM job wasn't there.