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View Diary: Why What Happened at Home Depot's Annual Meeting Matters (263 comments)

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  •  I'm not sure it's legal (4+ / 0-)

    That's part of the scandal.  Also, although it may be "equal" from the standpoint of the government, it gives shareholders the shaft bad.  Stock options in general have just turned into a huge money give away to CEOs and other high corporate officers, backdating them just makes it worse.  

    In Britain they admit to having royalty. In the United States we pretend we don't have any, and then we elect them president.

    by Asak on Wed Jun 14, 2006 at 06:47:10 PM PDT

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    •  In the long run it should come out even (0+ / 0-)
      for the stockholders as well as the government. In a large, well run corporation, the ups and downs during a quarter should be noise, noise that can seem pretty loud if one has  never had experience with stock options.

      I used to look at stock options as brownie points that people played with because so many had options that were in the end, useless. One company in 35 years experience has realized it's promise, and even that was a tad too real - in 2001 3/4ths of the options' worth was wiped out. Can't complain, not walking barefoot in the snow yet.

      The stock market is barely legalized gambling, with the illusion of regulation. The accountants have assured me that the way corporations pick their stock option grant date is legal.

      What the president says is executive privilege is nothing but executive poppycock. Senator Sam Ervin

      by sailmaker on Wed Jun 14, 2006 at 07:14:04 PM PDT

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