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To: Jim McMannis who wrote (174229)4/25/2003 12:39:21 PM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 186894
 
"there might be an argument for that level of compensation. But if there is any link between performance and pay at Intel, then their compensation should be cut by ~90%. There are plenty of good executives in the world struggling"

Not exactly.

They options MAY be excersizable over a long period of time. And it may be that Barrett's role is in flawless production, WHICH WAS NOT THE CASE IN THE TWO YEARS BEFORE HE TOOK OVER, and which is absolutely necessary to bring the itanium concept to fruition.

These efforts may not show up for five or ten years. For those of you who live quarter to quarter, this may be hard to understand.

This is not to condone rampant pissing away of share holder equity but hard work and true genius should be handsomely rewarded.

The problems are not new, but it is noteworthy to see the effect of the internet dissemination of corporate information with governance issues.



To: Jim McMannis who wrote (174229)4/25/2003 12:50:37 PM
From: Charles Tutt  Read Replies (1) | Respond to of 186894
 
Options are often justified as a way to align the interests of management with those of the shareholders, but the implementation has belied that justification. Often management benefits with the shareholders, but don't suffer with them.

JMHO.

Charles Tutt (SM)