RE: Graeme Why buy with your own money when you can just back up the truck and issue options.
Most corporations issue options as a performance-based utility. I believe BNC rewards good attendance rather than performance.
Some semblance of integrity and humility would dictate that BNC's execs should have deferred or declined the most recent grant, given the historical lows we enjoy, but that concept sailed right over their collective heads. I hear that the Plasma's lining executive row have been malfunctioning for years and have somehow added a 1. in front of the share price.
As such, focus on attendance. I hear that their show up rate is spectacular. Who wouldn't want to show up at one of Canada's top employers?