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National Presto Industries Inc. Message Board

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  • pmlljl pmlljl Apr 16, 2005 5:27 PM Flag


    no slappz: In my comparison of stock options to lottery tickets, I did not intend to imply the finer points that you referred to. I can not argue with you description however.

    I intended to imply that executive stock options frequently pay off like lottery tickets showering the recipients with enormous riches for which they have done nothing and with no cost to them. In most cases the options are free to them and have a relatively long life. Sure, if they are exercised, the recipient has to cough up some cash, but usually the options are deep in the money at that time so they have almost no risk. I recently read an article that said most employees exercise their options and almost immediately sell the stock. So much for making them long-term shareholders.

    Then there is the matter of boards re-pricing options for executives when the market price goes down. Outrageous!

    When do we shareholders get some benefit such as this. I don't know about you, but when I buy a stock, I have to put up after tax cash dollars for which I am at 100% risk.

    Certainly the executives have a better risk than me and then they have the nerve to say that employee stock options have no cost and don't need to be expensed. Ridiculous!

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