I hope the options will be granted to new engineers, scientists and professional managers.
That is why many have problems with the additional options. If it was known that the options would be granted to new engineers, scientists and professional managers, I don't think there would be much opposition to it. But as you stated in the above statement, you hope. I don't want to hope. I want to know.
Frank you can hope all you want to about who will be getting the options. The facts are clear. They currently have available to them without any increase 5.6 million right now less the 1.1 million for the employee stock purchase plan. So currently they have 4.5 million options available. Why do they need more. At the most recent conference call management stated that they intend on keeping staffing for the remainder of the year at about current levels. If that is the case, WHY DO THEY NEED MORE? We can all come up with possibilities but unless it comes from management it is all fantasy and they should present their case a heck of a lot better than they did in the proxy.
Wake up to the facts that management is putting one over on you and you continue to support this excessive compensation. I would not have a problem with prior options granted if they were not excessive. By every measure, they were excessive and it was the current management team that gave them out so why would you give them more to do the same with?
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