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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (174265)	4/28/2003 12:49:18 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 186894

From the inq. Intel gives 2 million options to top execs Doesn't want to account for them By Staff at the Newsdesk: Monday 28 April 2003, 16:34 AFTER ALL the lessons you might have hoped were learned from accounting problems over the last few years, Intel is sticking blindly to its guns on the stock option front. It is dead set against stock options being recorded as an expense. Coincidentally, top executives have just granted themselves options for 2 million shares. Top of the pile is Craig Barrett with 350,000 share options with a strike price of $18.63 each. That brings his total up to 5.8 million. Next highest on the Paul Otellini who added another 300,000 options bringing his collection up to 3.85 million. Andy Bryant got 200,000 taking him to 2.96 million and Andy Grove is up to 4 million after getting a measly 100,000. He must have been a poor performer or something. Intel shareholders might want to take a calculator to the figures above and decide just how much in the way of company profits is heading into the pockets of the board. There's a vote coming up at the firm's annual shareholders meeting about whether Intel should expense the stock options. A more pertinent vote might be on whether directors should be divvying up that kind of bonus between themselves after leading the firm through a 37% drop in share price over the last year. µ