Talisman Mining Ord Shs TLM

RE: Talisman cuts executive bonuses for 2006

[cnaismit]

That little bit of information makes you sound like a junior executive who works for Talisman who hasn't made it to the boardroom. If you believe what you have written you are very naive. At some point when you get to the inner circle you will realize its all about money. The only people, with the exception of Mr.Warren Buffet, that I have heard defend options are those who receive them. Having been there and done that (before the current method came into play) I still favour the type of options plan that IBM had where you actually pay for your options on an ongoing basis. That at least ensures that having a financial stake in the company apart from your salary and bonus you will do your damnest to make it tick. I'm not suggesting that TLM is involved in improper backdating of options but it appears that some very respected companies are and this just confirms the greed factor. You every notice how easy it is for a company to introduce a financial benefit in good times but how difficult it is to cancel it in bad times. Don't try and put the con on me about "only a few people can do this" and class all executives in that statement. Corporate executives run like a Bell curve. There are those that gain their position through influence and fall in the not too bright area, then the middle ground where most are located and then a very few who are exceptional. You can have a dummy as a CEO and providing he has exceptional staff, or conversly an exceptional CEO and not a good staff and both can do well, providing all else is equal, but eventually they will both fail if left in that state. Have a look around. The list of failed companies is very long even when they are being given tax dollars to support them.