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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6141)	5/21/2003 12:34:57 PM
From: BWAC	Respond to of 25522

You need to send it certified, signature required, to several members of the BOD.

To: Kirk © who wrote (6141)	5/21/2003 12:39:57 PM
From: Robert O	Respond to of 25522

But Kirk look how restrictive the grant is: Michael Splinter, hired on April 30, cannot sell or transfer the shares until they vest: half on Oct. 1 and the other half one year later. I mean they really trapped him for the long haul <g>. Opps then there's this: The company's compensation committee, however, can choose to accelerate vesting of the options at any time and at its discretion, according to the filing. Shamefull! Your opening line says it all: it's the WRONG message to shareholders. Can you imagine what else Splinter is getting that we don't know about? The perks are probably as grand as the grant. Multiply this by numerous execs that the company feels it 'needs' to keep happy and you have a snowball effect that leads to real money out of your pockets. Maybe Buffett is the richest hayseed bullshitter to hit the Street, but some of his 'my money is your money' bit makes some sense. Keeping an eye on even smallish expenses sends a postive message. One can extrapolate that act to many decisions about the bottom line. If we extrapolate from this grant it ain't pretty. RO