Dave wrote:
Let me complete that thought. When the proxy statement says all officers and
directors as a group (28 people) own 13%, it doesn't mean what it says
either. In computing shares beneficially owned, the company counts not just
shares actually owned, but also shares covered by options that could be
exercised within 60 days. In many cases the shares actually owned are a much
smaller percentage than that shown.

I don't think it's that deceptive, those options could be
exercised if control on an important issue was coming up.
It's like a chess game though, all the directors know how
the pieces are layed out before any individual makes a move
like that.

But it also gives them an ownership stake in the company.

DSK