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To: Lizzie Tudor who wrote (68960)9/21/2007 12:51:24 PM
From: Sr K  Read Replies (2) | Respond to of 213177
 
As an investor, you didn't care that companies were granting options, subject to shareholder approval, with strike prices that were supposed to be as of the date of grant, and that repeatedly were "miraculously" at the exact low for the month or quarter?

I saw this 10 years ago, and one of those companies is about to be taken over, and this was never brought to light. After that deal closes, it may be that no one gets charged.

But it was a ripoff.

I used to imagine that they wrote up the paperwork every single day of the month, and then awhile later, picked the "best" one and shredded the rest. What happened in many companies amounted to the same thing.