Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Barge

Just because it is written doesn't make it a fact. There have been ample reasons given that the numbers are simply too high and out of line and unecessary. Just because they may not be abused doesn't mean that it doesn't matter what is approved. Also I am completely convinced that management will use options liberally to address or mitigate any other HR issues which may arise. So people can be over compensated without it being construed as a scam, front running or whatever. They do need some stock for attracting and retaining key employees but there is a right number and a wrong number.

Sometimes I wish you were my supervisor for performance ratings. Although I do believe there have been some very smart moves to position Wave where it is with regards to trusted computing, I would also point out during the past 10 + years, there have been moves and strategies employed that deserved negative appraisals and that seems to be missing. People were well compensated and during their watch:

HP did not deploy Wave's software despite what might seem good access to the right people.

Wave by its own admission wasn't ready when IBM moved with TPMs and they lost that connection.

Despite numerous discussions and opportunities they never secured a deal with the networks or cable providers for Xpress.

They bungled the Embassy dongle developement and then threw it away without any explanation after spending a lot of money and resources.

Ishophere decisions may have been influenced by personal relationships and certainly appears to have been a stupid business decision.

They carelessly spent money when it was there not being prepared for delays and thus have needed to operate on a shoestring budget thereafter adversely impacting our ability to capitalize on opportunities and relying on others to do our selling.


My point for summarizing these examples is to illustrate how some are quick to throw praises and reward based on some hope and potential but don't focus on the lack of execution which can't just be passed off on trusted computing delays.

If Wave's compensation philosophy doesn't fairly reflect these items, why would you expect the future to be any different with the same people and the same guidelines in place. They don't think they are doing anything wrong but that doesn't make it right.