GTC Biotherapeutics (fka GTCB)

[mouton29]

I agree, it seems foolish to think that an officer will feel less pain as a result of the decline in the value of his equity holdings in his employer (including, in Cox's cases, options to acquire several 100 thousands of shares) than he would if the decline were in the stock of another company -- or that any other large shareholder feels. Indeed, since a low stock price impedes future financings, it makes his future fixed salary less secure.