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No system is perfect. WBS is one of those that in corporateamerica rewards management regardless of performance. Howcan one put a value on how a company should reward anyofficer. They don't reward all the employees only themselves. they don't reward the stockholders rather, theydeliute the VALUE OF THE COMPANY BY REWARDING themself with their GREED. GREED. GREED. the investors lose valuebecause of poor management and GREED. GREED. GREED.I was a former banker for more than 25 years as a juniorofficer. The loans they have invested in our way out ofmy learning as a loan officer. If I submited a loan of with the qualifications for approval, I would have beenfired or terminnated. Their GREED. GREED. GREED. for performance has now allowdthem to be rewared stock options regardless of THEIR performance. My investment as a stockholders continues toolose value because of their BAD judgement. GREED. GREED.GREED.These shares should be revoked and their salaries reducedto reflect this poor performance. They like the loan officers should be removed or fired. what comes aroundgoes around.They have been intrusted our investment to long and shouldbe removed. They have lost our trust in them.
The options weren�t all new:44,000 optioned shares, with an exercise price of $31.75 granted on 12/15/2000, expired on 12/15/2007;And were replaced with 106,199 shares, expiring on 12/18/2017, with a expps of $32.03.So, all 106,199 optioned shares are not new grants, just 62,199 shares.Does that make you feel better?