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1998-06-10 09:12:39


Freeze Stock Options, Bonuses until 2001



Now here's a rational suggestion. All corporations should freeze senior executives' bonuses and stock options until 2001. If their companies don't survive or lose lots of money, the executives' payment is forfeit. This would prevent the "rats depart from the sinking ship" phenomenon which will be widespread in 1999.

As John Wayne used to say, "That'll be the day."

This is posted on Westergaard's site. Joe Boivin is the originator.

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All bonus money, stock options, or merger benefits for senior executives should be placed in escrow until the end of 2000. If as a result of negligence in proactive management their respective organizations suffer business losses due to insufficient Year 2000 efforts, these monies should be considered forfeit. Our society rewards short-term achievement in a way that can threaten our long-term survival.


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