To: rkral who wrote (174685 ) 5/21/2003 8:38:40 PM From: Lizzie Tudor Read Replies (3) | Respond to Do you have any evidence of Mr Levitt contradicting himself elsewhere? your's and maybe Hueyone's interpretation of all these statements as somehow damning to options as a whole. Sure one statement may make your point, but it could be taken out of context or who knows. Hueyone's interpretation is not my interpretation of AGs comments below, for example. He chose to highlight the bottom portion, where AG is talking about excessive options grants, which I also believe exist. But look at the part that I choose to highlight from hueyone's post-From Greenspan again:<g>federalreserve.gov .While the vital contribution of new technology to the growth of our economy is evident to all, (Lizzie- so he is saying there is some truth to the "major aid in raising capital" argument, above) not all new ideas create value on net. Not all new ideas should be financed. In recent years, substantial capital arguably was wasted on a number of enterprises whose prospects appeared more promising than they turned out to be. This waste is an inevitable byproduct of the risk-taking that generates the growth in our economy. However, the amount of waste becomes unnecessarily large when the earnings reports that help investors allocate investment are inaccurate.
