Cosset says that concentrated positions will remain a concern. But the 30-year veteran advisor adds that he believes the effort to force executives to retain higher levels of options and stock is not likely to be a problem over the longer term. "I've seen public sentiment on these things blow hot and cold. The next thing that's going to happen-I don't know how soon, but I predict in the not-too-distant future-is that we'll have people arguing, correctly, that forcing corporate executives to hold more corporate stock makes them poor corporate officers because it will lead them to be too focused on their own personal risk. They will not be inclined to take the long-term view, to do the risk-taking that's needed, if they're worried that the stock price is going to take a hit in the next quarter. That is not the flavor of the day, but I predict it will be the flavor of the day."

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