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To: GVTucker who wrote (172708)1/30/2003 11:56:38 AM
From: Robert Douglas  Read Replies (1) | Respond to of 186894
 
the justification was that management was taking the risk alongside the shareholders,

Yes, that was the party line but in fact what was management risking? An option is a tool with asymmetrical risk - it can't go below zero.



To: GVTucker who wrote (172708)1/30/2003 12:04:31 PM
From: AK2004  Respond to of 186894
 
GVT
re: most of the rest of Silicon Valley is guilty to some extent.
That is not restricted to Silicon Valley only but that is not much of a justification.
-Albert


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