Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Anyone want to comment on the following quote from page 45 of the 1998 Annual Report (Section 20. Restricted Stock)

On February 1, 1999, the Company awarded 810,000 restricted shares of common stock to several of its key employees.

WOW!!! I mean, 98 was such an AWESOME year, why not give away $4.3M for the incredible job done over the past year! WHAT IS WRONG WITH THIS???

Maybe I'm just reading this wrong... maybe some key employees were pulled aside and told, "Here ya go fellas! Have these worthless shares of stock at $5.30 per share, and make something out of them!"

Maybe that would have worked if they'd have canned all the FRICKEN turkeys that got them into this mess, and given the stock to the new recruits!

Comments, flames, anything???
(even Z thrashing is fine!)
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement