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To: Skeeter Bug who wrote (5253)	5/30/1998 12:54:00 PM
From: kahunabear	Read Replies (2) \| Respond to of 42834

Skeets, I am not sure how high of a salary they will be able to demand in an economic decline, but their reduced spending power should exacerbate the problem. It amazes me how special charges are ignored. WS

To: Skeeter Bug who wrote (5253)	5/30/1998 12:57:00 PM
From: Ken Brown	Respond to of 42834

>> this "game" works as long as we are in a bull market and employees accept options in lieu of salary.<< Interesting point, Skeeter. I work for one of those well-known companies that grants stock options to its employees. I joined them a bit over a year ago, and my first options are now vested. They're also practically worthless at the moment, because the stock has not appreciated during that time. Nevertheless, I still hold hope that 5 years down the road, they could be fairly valuable. Maybe I wouldn't feel that way if we were in the middle of a bear market, I don't know. But, each year, new options are granted to me. If we were in a bear market, then there's the likelihood that those options would become even more valuable, once a new bull market began. Assuming, of course, I could hold on to them that long. So, IOW, I feel that options will still be a viable incentive to attract key personnel, even in a bear market. But I suppose we won't really know until we're several years into one. Ken