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Rambus Inc. Message Board

  • infringeon2003 infringeon2003 Jun 27, 2006 9:27 PM Flag

    Rambus stock options news....

    Rambus's acknowledgement of abuse of the options granting power of the board while unsavory is long overdue.

    I believe Rambus has been aware of this problem for sometime and it explains in part the strong reaction of Harold Hughes at the annual stock holders meeting to the options vote issue. Insiders simply do not want to be weened from the options gravy train.

    Hopefully, Rambus will address the pricing of options at below their market value in Q4 1999
    and also the issue of options which had mimimal incentive value in the years 1999 and 2000 as well as the issues brought up in the Chu case.

    It would seem desirable that the company now publish a coherent account of options grants to the executives, board members, and employees of the company.

    Digging this information out of the 10-Q and 10K is quite difficult. It should be a transparent process.

    This is actually good news for the company and represents an opportunity for it to achieve higher corporate goverance marks.

    In the short run, however, its leads to mistrust of the executives and board members of the company for failing in their privileged duties.

    As character is more difficult to change than personel, changes in the board of directors and executives of the company in order to restore confidence seems to be in order.

    The only remedy for the stock holders is the return of the stock or the profits from the
    illegitimate options grants to the company treasury.

    As a bare minimum, the outside shareholders in this company should be able to have confidence in the fiduciary responsibility of those running this company. This has not been the case unfortunately.

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