Irnest Kaplan, CFA on Clouded Judgement

I agree with what you are saying James - too much SBC is not good. All I am saying is that they're not ALL corrupt - I think this is a problem that they face. They're now in it. How do you suggest they get out of it? The first one to move to cash comp only will likely pay their employees a total comp that is a lot less. And they'll probably lose a lot of people. The best will likely get lured to others with big Stock comp. That's why I say as a group many of them are stuck. Not sure how it gets resolved - unless there's a major flush. You and I are free to invest our capital wherever we want. We are not forced to invest in these types of companies. That's what makes the market.