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To: Proud_Infidel who wrote (177316)	3/31/2004 4:09:23 PM
From: Road Walker	Read Replies (2) \| Respond to of 186894

Brian, re: Why are you so concerned with a few people at the top? Great companies are great because of many people, not one or two at the top. It's refreshing to hear someone say that in this age of the CEO Superstar. I agree. John

To: Proud_Infidel who wrote (177316)	4/1/2004 1:53:58 AM
From: Amy J	Respond to of 186894

Hi Brian, RE: "Why are you so concerned with a few people at the top?" I wouldn't be, if we can shut our borders. Or, if the world could change how companies are started. Generally, it's the executives that are capable of raising capital to start companies that compete with you. If the ruling creates an outflow of execs to a foreign country (which am not hearing it will, but the USA should be watchful for this), they could launch companies that compete with you, where foreign policy gives them an advantage. This doesn't bother me if they are in the USA, where you can merge with them, or talk to their VCs to do a merger, or buy them out. It bugs me if they go overseas, where policy is different. Would rather see more companies on Nasdaq here than less. So, my concern is more about what will other countries do? Will the USA have its hands tied with yet another disadvantage? Or not? RE: "Great companies are great because of many people, not one or two at the top." I completely agree with this. But Wall Street doesn't. This is a problem. WS perpetuates an exclusive club model. When companies go public, WS tends to prefer a brandname CEO. If Nasdaq were on the West Coast, rather than the East Coast, where the players and underwriters all knew each other, there would be less pressure for window dressing (brandname CEOs.) Some of the East Coast underwriters need to recognize the CEO's name. The West Coast has a much, much higher tolerance to newbies than the East Coast does. Different business culture. The financial world tends to perpetuate a two tier model and is in part why the top few become so valuable. We live in a business world that loves and trusts brand. It's hard to change the financial world, when it resides on the East Coast. Regards, Amy J