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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: carl a. mehr who wrote (172788)	1/31/2003 3:36:25 PM
From: Saturn V	Read Replies (1) \| Respond to of 186894

Humble Carl, The best explanation for Pottruck's option grant is in GV Tuckers post: Message 18517236 Apparently Mr. Pottruck exchanged his salary as Director for Intel stock several years ago. I am not sure how exactly it worked, but he made the correct gamble. Excerpts from the GVTuckers post: ...Intel also grants stock options to independent directors. In accordance with Intel's 1984 Stock Option Plan, option grants to independent directors may not exceed 40,000 shares per director per year, and the option exercise price must be equal to the fair market value on the date of grant. ..In 2001, each independent director was paid a retainer fee of $24,000. In addition, independent directors receive a fee of $4,000 plus out-of-pocket expenses for each regular Board meeting attended....Intel has a deferred compensation plan for independent directors. Under this plan, independent directors may elect to defer up to 100% of their annual retainer and fees, and receive an investment return on the deferred funds as if the funds were invested in Intel common stock...Drs. Yoffie and Shaw and Mr. Pottruck participated in the deferred compensation plan for 2001...

To: carl a. mehr who wrote (172788)	1/31/2003 4:07:58 PM
From: Robert O	Read Replies (1) \| Respond to of 186894

Since I did not take a stance on Mr. Dunlop but only posed questions to be answered how can you take issue with it? In fact my questions would lead one to believe I favor an investigation to the cost/benefit of his contributions from an objective standpoint. It's perfectly acceptable to bring your concerns into a public forum, in fact desirable to air ideas and hear counter arguments. On that note, Budde has already clearly articulated the facts and circumstances leading up to Dunlap's sale of INTC stock. For you to continue to paint this as a less than one day hold with a profit of over $10 million is disingenuous and, frankly, fruitless since the true situation has been revealed. Of course you are free to question the size (and the reasons) of the option package given to him initially. As to the value of director's contributions and specifically Pottruck's situation, well I too would always be interested in a detailed account of the 'value' of their contributions and again let us weigh this with respect to the options granted. On its face it appears many co's directors do precious little.* But anyone feel free to disabuse me of this notion, I am always willing to listen and learn. RO *excepting getting in 36 at the private links with the CEO from time to time.