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loophole73

06/02/03 3:19 PM

#30129 RE: blueskywaves #30128

BSW

They gave the chief technology officer 50k and he may be the best in the field. Comparisons mean.

HG laid out the business objectives and does not believe it will take expansion.

Mo
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jmspaesq

06/02/03 3:37 PM

#30137 RE: blueskywaves #30128

BSW:Well Stated (as usual) And I'd Add....

I'd add to your analysis that the options typically vest over a period of several years (I can't remember or locate but I saw EITHER three or six years was typical in some IDCC document).


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Data_Rox

06/02/03 3:53 PM

#30141 RE: blueskywaves #30128

You gotta be out of your friggin' mind !

almost $2M of company stock to be used for ONE technical employee?

What planet are you from?

Using the corporate average package of 35,000 options, that's enough for about 32-33 new hires. Using a technical employee average of around 75,000 options per engineer that's enough for 15 new hires.

The idea is to give them a base to grow from....not $1M if the stock goes up to $37.

Greedy beyond belief....especially if your numbers were anywhere near accurate.

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M6

06/02/03 4:14 PM

#30149 RE: blueskywaves #30128

BSW

Took 5 years at a Fortune 50 @ VP level to get 26,000 options.

Surely you jest about 35,000 options for engineering hires?

Ludicrous.