Nothing like a good witch hunt to get the masses in a lather. Hang’em high!
This year’s US witch hunt is focused on tech companies for executive option pricing. Too bad the stocks are all down 80 percent from their highs and today’s shareholders are being punished for the sin’s commited 5 years ago.
A great interview/article in businessweek with Network Appliance CEO really caught my attention.
We are all guilty for the bubble and post bubble environment. We want heads still. Classic reactive behavior by the masses.
Unfortunately, the SEC , like most areas of government, lacks strong, independent thinking leadership.
This whole option scandal issue will be ugly and will hang many. Fine.
BUT – it will not help the IPO market- ONE BIT!
Another reason companies are being built to sell.