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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?


To: otter who wrote (4827)11/9/1998 6:16:00 PM
From: Mitchell  Read Replies (1) | Respond to of 6565
 
Out with old and in with the new ! I'm glad those guys are gone, it makes room for some fresh talent to rise up.
Good for Stein too! He deserves his pay. This is still a free market and one of the elements of production is management. That's the fair price for good management. It supply and demand. We're fine here. I'm looking for this stock to double by Christmas.

Mitch



To: otter who wrote (4827)11/9/1998 8:10:00 PM
From: BWAC  Read Replies (1) | Respond to of 6565
 
Thats news about the options grant and salary contracts is arrogantly disgusting. What a ripoff of shareholders!!!!!!!!!



To: otter who wrote (4827)11/10/1998 8:25:00 AM
From: Dawgfool  Read Replies (1) | Respond to of 6565
 
Otter, some of this article is a little irritating, as usual when dealing with corporate governance, Boards and mgmts. However, also as usual the JOURNALIST from the SJMN added some typical anticapitalist twists. Stein's comp is not that unusual and also does not appear out of line. It is irritating to me that often stock declines result in option repricing or additional option issuing (since we shareholders can't do the same). Nonetheless it does create added incentive and does NOT result in guaranteed bonuses as the yellow journalist would have you believe. In addition, exactly how could a Board disclose performance targets for the CEO. That simply can't be done without tipping off competitors about company goals or getting crossways with the SEC- yellow journalism again. Every company has turnover among senior ranks and layoffs from areas being phased out. This is not special, but all the people still there are not mentioned.

In summary, does this Board seem like a bit too much of a pocket Board. Yep they do., its clearly not an ideal situation. I prefer stocks where Mgmt and Boards own 30%. Then most of this crap doesn't happen. However, what's going on here does not appear that unusual and clearly it is not as bad as the quasi-communist yellow journalist would have you believe.