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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (14907)	5/8/2003 10:06:21 AM
From: TigerPaw	Respond to of 17183

wouldnt surprise me if we start seeing talk of Congress REINING IN Executive pay and perks Let's see, they would be threatening to cut their taxes if they didn't shape up? TP

To: JDN who wrote (14907)	5/8/2003 11:24:04 AM
From: Gus	Read Replies (2) \| Respond to of 17183

Owner/Managers gone wild? thestreet.com Highlights: - S&P 500 CEOs raked in $6.4B in total compensation in 2002 when the S&P 500 collectively dropped by 23%. That's an average compensation of $12.8M per CEO. - Top dog in S&P 500 was Apple's Steve "First Dollar" Jobs who raked in $90M in 2002 when the stock swooned by 35%. - There are 75 tech stocks in the S&P 500. Only 4 companies generated positive stock returns. Of the top 16 highest paid tech CEOs, 4 made it to the top 10 despite generating negative returns. - Coke's Robert Goizueta averaged more than $83M per annum in total compensation from 1981 to 1997 or a total of $1.3B over 16 years. During his tenure Coke went from a market cap of $4.3B in 1981 to $152B in 1997. This is how Graef Crystal analyzed Goizueta's deals in 1997. The critique is noteworthy because Graef Crystal is the executive compensation expert who is often credited for breaking all the traditional molds for executive compensation in the 80s. I recall reading a few months ago that even he was shocked at the excesses. bizjournals.com I still say we kill all the lawyers first before this gets epistemological.<g> Would you believe I have a running battle over executive compensation going with a lynch mob in a wireless stock (IDCC) that increased by 50% in 2002 after going up by 79% in 2001? I swear they won't settle for anything less than a line item veto over compensation. LOL.