Wave Systems Corp. (fka WAVXQ)

[Weby]

Wash

An excellent post. However, my previous point was that this proposal might have been written so it clearly limited the possibility of EXCESSIVE grants to BoD and upper management.
This mood is a reaction to the 7% Wavexpress solution, loans, and an attitude of entitlement before results. Now that we all see results in the NEAR future, it feels, rightly or wrongly, like a slap across the face.

Perhaps SKS and upper management get upset with us because we don't always see their effort, respect their founder's rights, and understand the pressures they face.

There is no manual for the proper reimbursement of people in our society. The general rule is that you are entitled to what you can get so you get greed. The BoD should represent the shareholders here but they cannot. Thus, now that we appear to be at a wonderful place. (This whole discussion is moot if the price isn't about to go up substantially) This "conflict" is simply a form of communication about the responsibility of all parties to each other. IMO, it is healthy and useful for all concerned. It will be good for management to understand they need our trust and support. It's good for us to understand that talent requires renumeration and that great option deals are still expected and required.

Let us hope that we can find a Buffet Balance! Enormous respect from shareholders for management AND obvious respect from management for shareholders. Things change as companies mature. Let us hope that this conversation is part of that maturing on all sides.