Missed the Option Bandwagon?
February 23, 2008
– Comments (3)
I have found option calculations for how much has been robbed from investors completely and utterly shocking, but, as if that wasn't enough, here's an article about repricing options.
How insane is this one... "The industries most underwater include home builders, health-care services, computers, media, financial services, retail and semiconductors."
Let me get this straight, these industries are laying off workers like crazy, so much so that a financial conference last month looked more like a job fair given that 1500 out of 6500 participants were handing out their resumes and investors who've lost a bundle on their incompetence should be concerned about the company's ability to retain employees?
Seriously, if, and that's a big if, there is an employee retention problem, raise the freaking wages, but this stealing with no limits from investors to line executive's pockets at an average wage over 600 times the rest of get has got to stop.
It is high time companies were regulated that they have to get 50% or more of all stock to vote for incentives above 10 times the median wage. Then you know what investors really think. The current system has zero hope of allowing investors to stop this massive transfer of their investment into executive pockets.
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