I seemed to have transposed a number, but on Jan 22, FH granted the employees of SP 1000 options at the days close of $20.26. Although that tempers the gap a little. we nonetheless will be enriching FH into the millions before we make a cent. Realistically, does HE need this money more than most of the rest of it do? As a member of the field sales force, this mountain will be climbed with the management team on our backs!!! They really need to re-think their plans for compensating us for correcting their missteps (I think that is an extremely kind and conservative characterization of our present situation!!!).

See, actually — Mr. Hassan has destroyed about $20 billion of shareholder value, just since last summer 2007.

$31 minus $18.85 equals $12.15 of stock price decline. . . .

times 1.637 billion shares outstanding — Yep:

$19.997 billion in common equity GONE –poof! — even more, if we include some $1 billion in the destroyed 6% preferred (issued at $250 in August 2007, now trading around $180) — those values have evaporated.

QED