BEA Stupid

I hate to say it, but my former company does some pretty dumb things:

http://finance.yahoo.com/q/it?s=BEAS

If I'm reading that right, the new Exec VP hired was granted 100,000 shares at a par value of $.01 a piece. Whatever happened to giving someone options so atleast they hung around for a year or two before they made a fortune dumping the company's stock?

(I'm not even going to get into the senior execs playing the "who can sell their stock the fastest" game since 2001...)