GTC Biotherapeutics (fka GTCB)

[mouton29]

<<Are you telling me that even if a member of the management team has thousands of options that are underwater, the company can still pretend to "incentivize" said member of management with even more options at lower prices? Why would you repeat the same incentive when the first one didn't work?>>

1. The question of whether management tried hard enough is separate from the question of whether they succeeded.

2. If the Board thinks management should be retained and needs an incentive and that the existing out of the money options don't provide enough of one, would your remedy be to fire existing management, thereby triggering severance and vesting of their existing options, and then grant an entirely new package of currently priced options to the new management? Assume for this purpose that the Board thinks management should be retained -- which requires assuming that the Board thinks anything at all.

3. This is an academic question to me, personally I think the CEO is more than adequately compensated (although he does merit extra pay given the upperclass accent) and that his existing equity holdings provide him with plenty of incentive to perform.