Tuesday, October 17, 2006

Corporate shenanigans.........

For those of you in Mandaree, stock options are awarded or granted or even "earned" by employees of publicly traded companies to motivate and retain, key, and sometimes all personnel. These options give their recipients the right to buy stock at a strike price that most companies tell the shareholders will be the fair-market value on the day of the grant. Many of these corporate scoundrels have been involved in backdating, which is where the companies secretly pretend the option grant was at an earlier date so that the strike price can be lower and the profits greater.

There is a company called UnitedHealth that has a guy by the name of Dr. William McGuire still at the helm. I dont' think there is a human alive who has made more money playing games with options grants. No wonder investors get so fed up with this never-ending crapola. Where is the SEC in protecting the little guy? Spitzer started it off right and got the investigations rolling. Who will finish it when he's gone off to politics?

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173