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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (27608)12/21/2005 8:43:30 PM
From: The Ox  Read Replies (1) | Respond to of 95617
 
It seems that options are still given away to the upper managements of most semi companies without regard to the company's performance (especially with respect to the bottom line). The excessive dilution continues unabated. Millions and millions of dollars (maybe I should be typing BILLIONS) are siphoned off each year and who pays for it? The shareholders, as they watch the stock's price languish for years on end as the pigs get fat at the trough.

Nothing has changed and the accounting rules won't make any difference. The shareholders can get screwed, as far as management is concerned. They certainly don't care about the stock price, as the excessive giveaways are so out of line with reality or simple common sense. I'd love to see a better pay for performance metric but this industry will NEVER change in this regard.

Issuing options to new employees is an excellent idea. To continue issuing hundreds of thousands or millions of options each year to the same people, just for doing their job (which they get paid quite handsomely regardless of company performance) is just plain greedy.

It's no wonder these companies are almost always out of favor on Wall St!

jmo
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