SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (173400)3/9/2003 10:16:33 PM
From: hueyone  Read Replies (1) | Respond to of 186894
 
Otellini making a ton more than Buffett. What's wrong with this picture?

Far be it for me to sit here and try to tell you how much Otellini is worth, but as long as stock options are regarded as cost free, and it is not mandatory to expense stock options on the income statement, I suspect many companies will continue to fail to make the hard decisions regarding executive and employee compensation, which are a necessary and important factor in running a solid, profitable business.

JMO, Huey



To: Jim McMannis who wrote (173400)3/9/2003 11:53:42 PM
From: Lizzie Tudor  Respond to of 186894
 
oops sorry I posted this to you and it should have gone to hueyone.



To: Jim McMannis who wrote (173400)3/10/2003 4:13:54 AM
From: tcmay  Respond to of 186894
 
"Otellini making a ton more than Buffett. What's wrong with this picture?"

Yeah, and those guys like Larry Ellison who only take a dollar in salary some years.

"Janitors at Oracle making more than Ellison. What's wrong with this picture?"

It's hardly surprising that someone who owns 10% of Intel, as Gordon Moore does (approximately, modulo sales over the years), or who owns $34 billion worth of Berkshire Hathaway, as Buffett does, don't really care what salary or piddling stock options (!) they get in a year.

And they sure do understand that if they are to hire the best managers and scientists and accountants on the open market that they have to pay competitive salaries and offer stock options. Even if those options are nominally more than they themselves are granted.

Figure it out.

--Tim May