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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (63566)	4/15/2003 1:42:58 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

LOL Chambers is smarter than me too! Go figure. Funny you mention that socialism stuff. I don't know if anybody here just happened to listen to NPR last night. I turned on in the middle of something, I don't know the main thrust of the piece or even who was interviewed. But a statement was made that 100 of the worlds global companies have managed to dominate a huge amount of the worlds GDP at this point, this is a fairly new phenomenon, as recently as the 80s, globalization of the worlds largest companies was far less prevalent. At any rate the net result of this global consolidation is for a smaller and smaller set of people (the executives at these companies, specifically) to gain more and more of the worlds GDP in terms of their personal wealth. L

To: RetiredNow who wrote (63566)	4/16/2003 7:18:23 PM
From: Dennis Doubleday	Read Replies (1) \| Respond to of 77400

> BTW, here's some interesting news: Chambers gets 2 million options in the latest grant (http://biz.yahoo.com/djus/030415/1255001051_1.html) There is the problem in a nutshell. It's not that options are too broadly distributed, as mindmeld seems to think, but that they are showered on the people at the top beyond all possible value to the company. Do they really think that JC was not going to be properly incented without that fresh 2M options? According to the 2002 proxy statement, he already has over 20 MILLION unexercised options, including the 4 million from last year with a $16 strike. (Not to mention nearly 30 MILLION shares owned outright.) If he wasn't going to stay with the company for those old options, then the new 2M options won't change that. And if was going to stay anyway, because he believes those options will be worth a lot, then the new 2M do nothing but further dilute the shareholders without any payback to them. If I were on the board, I would have distributed an average of 60K options each to my top 1000 sales people and engineers instead of piling another 6M on JC. Then maybe the options would provide a payback to the people who are putting money into the company instead of taking it out.