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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: John Biddle who wrote (43980)	1/3/2005 11:46:30 PM
From: TheBare	Respond to of 197437

> In addition, I would state that the huge option gifts that > the top officers of corporations get today bring exactly the > wrong kind of motivation, namely short-term thinking based > on personal greed rather than long term thinking based on > what's right for the corporation. Exactly!! Further more ... management sucks up all the available options and spits out a few to those below. And those below? Well those are the folks that engineer speaks of ... the ones who work far more than they should ... the ones that create value for a company. Greed has ruined a good system that was intended to reward performance. For a startup they make sense. For a Fortune 100/500 company they are a means for management to reward themselves.

To: John Biddle who wrote (43980)	1/4/2005 1:54:50 PM
From: engineer	Read Replies (2) \| Respond to of 197437

Since we are on a Qualcomm thread and not on an "option thread write what you want", then my writing about option in light of my experience at Qualcomm is a pretty authoritative thing. You made a blanket statement that options are given to the top managment and they are greedy. Having been an engineer, General Manager of a $600M business unit responsible for P/L, and a CEO, I can state that options at the startup and tech level are completely different than at the "big company" level. Most high techs give options in trade for pay. Most big companies try to find a way to give top employees big pay packages. Your the one who wrote giant sweeping blanket statements which make you appear to be unknowing in all this. Now after someone responds you try to come back as knowledgable. Make up your mind what your going to stand up for. My response was pretty clear and to the point. You were the one who wrote that they should do away with options. I was merely pointing out STRONGLY that that is exactly wrong. And yes, everyone is doing it, everyone will have to do it to attract talent. how would you pay someone in the future if not in ownership? I have worked for the "trust me, I'll pay you big bucks when we make it" only to be totally forgotten when the company was sold, even though we had a written agreement. When the startup is young, nobody is sure they will even make money. You take a chance working there. If you have not lived the small startup then I cannot see how you can make the statements you make. I take issue especially when you make them on the Qualcomm board with implications of what took place in the past. Sorry if your feelings were hurt, but perhaps you want to take this to a general options thread to discuss it?