Rambus (RMBS)

[Skeptic]

It is the system, and if high end managers are to be aquired, they will have to be promised the options. They were given that as compensation and they have the rights to them if they so wish. If not given those rights they go where they get those rights because they can.

Paul - typically I agree with your posts and appreciate your perspective, but I take great umbrage at the above myopic view.

High-end managers - where, who? I hope you're not referring to Tate and the rest? Do you think anyone is banging down their doors to hire them - let's get that guy from Rambus who helped destroy over 85% of shareholder value over the last 5 years. If they do get jobs elsewhere, it is because of the incestous "quid pro quo" relationship in business. Just because a majority of corporations turn a blind eye to executive compensation doesn't mean that shareholders should be happy about it. It is "our" money that is being pissed away on overpaid underperforming mgmt. Please give me a good reason why Tate and friends have the "right" to these options. Any CEO or COB worth his salt would suspend his automatic option exercise when the stock is languishing.

There should be a lot of irate shareholders and those with the power to do something, should. I suppose investors who own 7 or 8% of the company and are apathetically watching as their bankroll dwindles are suffering like the rest of us and deservedly so. I just have such a hard time with the laissez faire attitude of modern-day investors and the assumption that if "everyone is doing it", it must be ok.

BTW - OT - If Elan has become a significant portion of your holdings, be very careful. • [$$] MS Drug Tysabri May Be Tied To Other Serious Side Effects