With all the stock option scandals in the news lately, I though I'd give you a look into my own. When I hired on in December of 2001, the stock price was around $25. The scandal here is how worthless my options are based on the original issue price - around $6.25 today.
The good news is that the options were re-issued. The bad news is they were re-issued at a 1-for-2 exchange. The good news is that I didn't have all that many to begin with. The bad news is the current price is lower than the re-issue price. The good news is that we're an excellent company and some day, somehow, the stocks will rise again. More good news, if you subscribe to the adage that misery loves company, is that our ups and down pretty much track our biggest competitors, so the low stock prices are an industry curse, not just unique to us.
- Kirt Blattenberger
RF Cafe Progenitor & Webmaster