The directors’ failure to win support from a bigger majority leaves Hewlett-Packard little choice but to revamp its board…If the company wants to put on more than a cynical charade of listening to its stockholders, the directors will resign,” Gordon said. “Negative votes in the 30 and 40 percent range are a giant ‘no confidence’ message.”
Well, I disagree with his take on options: there seems to be some muddle too, in the money grants are taxable as they by definition have value, so are little different from paying the exec cash. Out of the money or at the money options are indeed an incentive, and as a past holder of them I took them extremely seriously and felt it did give me some real skin in a game that I would otherwise be able tp participate in and to which I was a real bottom line contributor. As I've already sait I'd prefer to see Brian and Suranga granted 2.5million +/- a few options at current price and grant them now, rather than the three year dribble that they've been offered. As for dilution, I agree with Tom in that respect, it's chicken feed and in any event merely another manifestation of a profit commission to management. Which is I reckon about as aligning as you can get.
.....latest options - win win for shareholders.....
"Firstly 1.5 million shares is a lot of shares but it is – in context – just 0.4% of the current issued share capital. So the “dilution” if they are all exercised is not that great. And this is not free shares, the two executives gaining the options would have to pony up hard cash at the prevailing mid-price now (83.5p) if they wanted to exercise. One assumes therefore that they would only exercise if the shares were at a big premium to 83.5p so current shareholders would not grumble.
Do options really incentivise management to deliver that much more effectively? I am not so sure. Personally I’d rather see options granted at a premium to the current share price – that would align shareholder and management interests 100%.
The obscene options packages you sometimes find are where management has pre an IPO awarded itself vast numbers of options which may be dilutive at a pre IPO price. That is a no win for shareholders, pure dilution package. In this case I do not take it as a negative for Blinkx at all."
At fiirst we used to look at them as the only grail of indicators as to where we were heading and how we were doing at that moment at time. However as time has gone on we have seen they are pretty meaningless .
I used to keep track of the Quantcast rankings for our rank and number of viewers on an almost daily basis, frequently reporting them here as you may recall. I recorded them almost every day from February 4, 2010 until April 4, 2011. I still have the file.We were all over the map, they made no sense.
Quantcast is only real when it's in our favor. When it's not it's worthless.
Several years ago they had us (blinkx) climb to the mid-50s, only to drop out of site in a matter of a couple months. Of course we all loved it on the way up (myself included). I believe SC mentioned it on one of the conference calls when we had rocketed up into the mid-50s. On the way down it was dismissed as worthless, never to be heard about again. I (we) never could reconcile Quantcast's rankings.
If you look at the one year chart it shows we're about where we were a year ago. If you go out as far as the chart allows it shows we're where we were in 2008.
Re Isis Blue : A comfy second place at long odds. Hardly given a hard ride and you could have got fifty for a win and 7 for a place. Hope your old womanising stud cleaned up with a a nice each way bet !
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