Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: tcmay who wrote (173408)	3/10/2003 6:44:29 AM
From: Jacques Newey	Read Replies (1) \| Respond to of 186894

Tim: Re":This is breathtakingly naive. Buffett's "compensation" comes from his ownership position in Berkshire Hathaway and his other holdings." That's right and he knows that by awarding himself options he'd only be stealing from himself!

To: tcmay who wrote (173408)	3/10/2003 9:35:30 AM
From: hueyone	Respond to of 186894

This is breathtakingly naive. Buffett's "compensation" comes from his ownership position in Berkshire Hathaway and his other holdings. Lol. You have breathtakingly poor reading comprehension skills. I specifically made the point about Buffet being a founder; I specifically made the point that as a founder, like Gates, but unlike Siebel and Jobs, Buffet didn't feel the need to go back and continually rob shareholders of current earnings with huge compensation packages, and I specifically made the point about paying non founding CEOs large stock options packages as being warranted in some cases. By the way, SEBL has been a net money loser over its history when all its expenses are taken into account, yet its founding "entreprenuarial star", Tom Siebel, sees fit to continually rob shareholders of millions dollars of potential current earnings. in 2001 alone, he exercised options worth 174 million. This is truly a joke. All this does not change the fact that shareholders pay Warren Buffet $100,000 a year (according Jacques) to manage one of the largest companies in America, and that shareholders are getting one of Americas outstanding managers at a price we can unequivocally call a "steal". Regards, Huey