Wave Systems Corp. (fka WAVXQ)

[vickers2]

Micro-thanks for your feedback. I guess for far too long I've been guilty of not treating my analysis of Wave as I do any of my other investments. I agree with you in that senior execs. should be compensated fairly. I have no problem with an appropriate base salary (although even here I cringe when I hear someone imply that $250,000/yr. is a number inadequate for the CEO of a company, let alone one that doesn't make money. Sorry, but that's a fair salary. To then provide a guaranteed bonus ($260K in '06) with no tie to performance and on top of that provide an option award for '06 of $200,671, well, that's just excessive given the company's historical & present position. Oh, one other little thing, options need to be set above market at levels that reward management as shareholders are rewarded.