Does this seem ethical?

Why do some websites hijack reciprocal links? I.e. http://www.lake-link.com/links/.

Click on one of the links and you will see what I’m talking about.

He says it gives his users a way to get back to his site conveniently. Is it just me who thinks this is wrong? But it’s o.k. According to him cause plenty of other websites do actually what he is doing.

DO's and DON'Ts OF LINKING
§ DON'T link to other sites "blindly" or without their knowledge. Regardless of your opinion on the legality, its just not good business.
§ DO request permission to provide a link for your customers. When requesting, you need to do two things: convey your customer's interest in what they have to offer and give them a reason to provide a link to your site as well.
§ HINT - I have put together some sample requests that myself and others have used to request links. Feel free to steal them at
§ http://unlimitedtraffic.com/request.html
§ DON'T link to every website or newsletter that interests you. Your links should not represent your "favorite places."
§ DO look for information, products and services that add value for your customers. Ask your customers what else they look for online. Search the web for keywords that are related to your own.
§ HINT - Use a multi-search tool like http://dogpile.com to search the web for keywords that your customers might be using.
§ DON'T use frames in an attempt to ensure that your visitors remember who sent them there. You won't win a lot of friends with this tactic.
§ DO remember that the web is only as good as the quality of the links that join its vastness together. Without links, it would just be a collection of millions of standalone documents.
§ HINT - A much better solution to this issue is to target a new window with your link. To do this, just change your HTML so that it looks something like this (if you were indeed linking to Yahoo) http://yahoo.com" target="_blank
§ DON'T bury your links deep within your site or include hundreds of one-word links in one area. I have to be honest with you, some of the sites I've seen lately leave me feeling "lost in the land of the links."
§ DO consider grouping links together by subject matter or integrating them within the content of your material. And don't forget, you can link to email addresses, autoresponders and newsgroups, too.
§ HINT - Provide more than the name of the site for the link. Try and describe the link in such a way that your customer doesn't have to waste time guessing where he might be headed or where to go once he gets there.
And remember that the best place to link to is quite often NOT the home page of the other site. Take your customer directly to the information they want ... don't make them try to guess where to go next.
§ DON'T bury your head in the sand and join the 18 percent of Web Masters not willing to invest in links to other sites.
§ DO recognize the value of linking and the increase in traffic it can very cost-effectively provide. In fact, much of the cost in linking to other sites involves only your time and not much money.
§ HINT - Keep an open mind about all links ... free, reciprocal or otherwise. If your goal is to increase traffic at your site, they can be one of the best tools in your marketing arsenal.

http://www.publaw.com/framing.html

http://www.usability.com.au/resources/frames.cfm

http://www.bitlaw.com/internet/linking.html

http://www.htmlhelp.com/design/legal/copyright-borderline.html

http://www.picosearch.com/faqs/faq_end_hijacking.html

http://www.loriswebs.com/hijacking_web_pages.html

http://www.sitepoint.com/article/frames-frame-usage-explained/7

Doe’s anyone else feel the same or am I just over reacting?