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  • jim56442 jim56442 Jan 29, 2004 11:52 PM Flag

    Wilson NC, Birthplace of BBT


    You asked in an earlier post.Where else will you get above CD % yeilds from a bank while you own the bank?

    Try BAC for just one of many.BAC currently has a dividend yield of 3.95% which is .51% better than BBT's dividend you quoted. If the dividend is all one is going to receive I'd rather have the higher yielding dividend.

    Just what has top management been paid to do for the last five years? It was over $40 a share in 1998 and look at it now. Poor results should require poor returns for everyone, not just the shareholders.

    As for the quote that the executives are in the same boat because they own shares too. I'd bet money that most of us paid for a much bigger percentage of our shares than management has.

    For better investing,


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    • We the little stock holders are not in the same boat as executives with respect to their stock holdings. Wouldn't you like to have a non-binding 3 year option for x-thousands of shares of BBT, even at todays price of $35/share (share options are usually much less than market price) that you could take advantage of within the next 3 years when the price of BBT could be $70 or more (you are not obligated to fulfill your option) and you could get the shares at $35. example: 100,000 shares at $35, borrow $3 1/2 million, to buy the shares, sell half and you have made $1,750,000 profit or own outright 50,000 shares. I wish I could get in on deals that are available to top management.
      Little boys are around to pay the bills.

      • 2 Replies to wildpickuptruck
      • Hey Wild,

        Thought you might like to know that most of the options that BBT gives to the executives are for a 10 year time frame. This information is in the annual proxy statement.

        Great point in your post, the above just gives them more time to make money on the options.



      • Sorry Wild, you misfired. Options are granted at close of market price on day of issue and BB&T unlike some firms has never repriced options. The only gain execs get is difference between price at day of option grant and price on day of exercise, the same gain per share you or I would get. And options are granted as part of the pay package in lieu of cash. Board members have the choice of options instead of cash and many select options. They take market risk of options being underwater at maturity but it helps the board and mgt. think like s\h. I think it's a good strategy..others disagree.


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