Transmeta (Semiconductor) (TMTA)

[DewDiligence]

>> A CFO should never own stock in the company he works for. <<

I respectfully disagree. If you want a good CFO, you have to pay him/her the going rate in cash or stock/options. TMTA, like most young tech companies, doesn’t have a lot of excess cash to plow into salaries for the corporate officers. So options and/or actual shares have to be part of the package.

All the noise that CFO’s should not own shares or options because it’s a conflict of interest is a crock. That way of thinking is simply a fad derived from the debacles at Enron, WorldCom, and Tyco.

The way to get an honest CFO is to hire an honest CFO and run a clean operation from the top down. It’s really that simple. FWIW. Dew