Thursday, June 09, 2005

Too little, too late

Siebel announced that it will be paying dividends going forward. The measly payout announced is really no response to the majority of investors demanding that Siebel sell itself. Someone doesn't see the writing on the wall here. If Siebel holds out for too long, they will go the dinosaur way. Here lies another example of destruction of wealth, or, more accurately, the movement of wealth to a select few who awarded themselves repeatedly with stock options, all along claiming that it came with no cost! Is half-n-half the same as whole milk ?


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