From: Optical Alert! [postmaster@opticalalert.com]
Sent: Monday, June 16, 2003 10:19 AM
To: rule-comments@sec.gov
Subject: Stock Options Rule (S7-10-03)

Why do executives use options at all for compensation? Why not have them buy 
common shares like 

everyone else and have them buy the shares exactly the same way shareholders 
buy them? Virtual buying is bad economics and made worse if you add zero cost 
to the decision maker. A system without checks and balances is destined for 
abuse (why not it’s free for me) and finally becomes a doomed system (the market 
has gone though its worst period in history).  Good economics dictates that 
everything should have a real upfront cost and those costs have to be connected 
directly back to the purchaser which forms bases for a rational and reasonable 
decision making and good old cost benefit analysis. If it is free for the user 
then they use it until something breaks, because the laws of nature have never 
allowed for free lunches for to long. Right now that lunch is an enormous invisible 
transfer of wealth from investors to executives and it must stop.