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

To: Saturn V who wrote (6148)	5/21/2003 3:04:15 PM
From: Kirk ©	Respond to of 25522

A friend of mine got a high level job recently and was offered "restricted stock" as part of his package. I believe it was below market value, at the time, so they gave him some to pay the taxes but this seemed a better way to go rather than options at a penny. He also got incentive options but at the going price so there was no tax issues there. Your point on capital preservation is well made and this is where I think restricted stock at hire really makes sense. Once a CEO is out of the money, what incentive is left to preserve what is left rather than just keep swinging for the fences? Of course, they usually get new options each year at the current price so they are always trying to make some go up. I actually think AMAT is a wonderful company and a real benefit to the community. They have a long history of giving back and I don't think they are crooks, but they do need someone to help them stop making these sort of PR errors. Maybe you all should write them and ask them to put Brian and myself on the BOD? -G- I also noticed they were going to unravel their "synthetic lease" which is an accounting gimmick. That was a good thing to do. Kirk