Wednesday, April 30, 2003 5:27:22 PM
You seem to think that these additional 5M shares will make management happy and this grant is needed to atract and retain talent. If 5M shares would achieve these goals (your view), then the PRIOR 14M shares have already more than accomplished your goals. That is why so many investors have now concluded that enough is already too much.
Furthermore, the ISO excess is SO great that we can see clearly in management's actions that they CHOOSE to delay driving the stock price per share, CONTRARY to your's and my interests, e.g. by choosing to do back-end loaded deals (e.g. Ericy, Nok, etc.), stopping rallies with coordinated group insider sales, and holding back on PR.
They are choosing such actions because shareholders continue to voluntarily fork over large blocks of stock options to them almost every year upon request.
If you want more of the same management incentives and actions then continue with your viewpoint. Otherwise, if you want management to behave to increase price per share rather than to increase their number of shares each year while delaying the ultimate success of the company, then vote NO on proposition #2.
Regards,
Corp_Buyer
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