Team FAR, page-48

The system that FAR have in place with the options encourages management to buy bulk cheap and then sell down to free carry diluting my shares in the process. Furthermore, issued annually, they do not act as a reward or incentivize management but appear to be just an ongoing form of compensation.

Absolutely well said....

Also, when directors and management argue options are to align management's interests despite being paid quite handsome salaries it makes me sick.



A theory that I have, aside from but in addition to greed, is that options have moved from incentivize/reward at a higher exercise price to align/compensate at a lower exercise price (particularly in the small-cap sector) simply because management teams everywhere know that true price discovery is a thing of the past due to the casino nature of stock markets nowadays. As a result getting a SP higher is not unlike pushing shite uphill with a stick notwithstanding how successful you are..... but this does not excuse behaving like politicians.

Anyway, it's just a theory. I have plenty of them. Some even captivating....