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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (4205)	2/8/2003 7:20:18 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 12465

Hi John, To be fair about it, the authors made it clear that Sprint executives were only one group among possibly many others that approached the SEC with the scheme that would take the risk out of options for them... I seem to recall something about options being granted to align executive/employee interests with the interests of the common shareholders. I don't know. Maybe I dreamed that up or something. But I notice that the article doesn't mention any intentions to extend the scheme to lower rank-and-file employees, nor does it mention any impact on outside shareholders. It sort of galls me that this is just another example of how some corporate executives consider themselves to be above the rules and guidelines that the rest of us play by. Their rule (or at least what they appear to want) is a "head's I win, tails you lose" proposition. I guess one might call it the ultimate riskless investment... KJC