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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Valueman who wrote (5763)	4/16/1999 11:30:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 10852

I have said it before and I will say it again: BS and others should be paid in relation to how the stock does, not at the whims of a bunch of cronies. Loyalty Rewards Satellite manufacturer Loral Space & Communications Ltd. [LOR] tripled top exec Bernard L. Schwartz's pay last year to almost $6.3 million, mostly in the form of a $3.7 million stock option award. The company boosted Schwartz's salary 53 percent in 1998 to $1.5 million, and increased his bonus 20 percent to $600,000. Gregory J. Clark, the CEO's second in command, received a $12 million pay package in his first year as the company's president and chief operating officer, according to a proxy statement filed with the U.S. Securities and Exchange Commission. I want them paid for current results not future promises. Jeff Vayda