tomato can Posted January 19, 2013 Posted January 19, 2013 How is this allowed? http://finance.yahoo.com/news/al-gore-nets-another-fortune-164510966.html
meazza Posted January 19, 2013 Posted January 19, 2013 Ummmm According to a filing with the Securities and Exchanges Commission, Gore -- a director on Apple's board -- [b]exercised an option[/b] to purchase nearly 60,000 shares of the tech giant at the bargain basement price of $7.48, costing him a total of about $445,000. Not a big finance guru are ya?
dayman Posted January 19, 2013 Posted January 19, 2013 At the risk of being seen as some sort of Gore defender for all things in his life...are you asking how taking advantage of an option is allowed?
tomato can Posted January 19, 2013 Author Posted January 19, 2013 At the risk of being seen as some sort of Gore defender for all things in his life...are you asking how taking advantage of an option is allowed? I'm asking how he was allowed this option? Ummmm [/font][/color] Not a big finance guru are ya? No. Not a finance guru. I'm asking why he is given that option? What did he do to earn it?
dayman Posted January 19, 2013 Posted January 19, 2013 I'm asking how he was allowed this option? Likely in return for his service on the board? Which if you know anything about the history of the Internet....well..you see where I'm going with this...
meazza Posted January 19, 2013 Posted January 19, 2013 I'm asking how he was allowed this option? No. Not a finance guru. I'm asking why he is given that option? What did he do to earn it? Usually it is compensation for being on the board early on. Not certain though but you could easily scour through the financial statements to see this kind of information.
tomato can Posted January 19, 2013 Author Posted January 19, 2013 Usually it is compensation for being on the board early on. Not certain though but you could easily scour through the financial statements to see this kind of information. Okay thanks.
KD in CA Posted January 19, 2013 Posted January 19, 2013 i blame obama Me too, but I don't see the problem with an Apple board member exercising his stock options, even if he's as much of an asshat as ALGORE.
Nanker Posted January 19, 2013 Posted January 19, 2013 True. It's Apple treasury stock. They can sell it for a penny if they choose. They probably sold it at book value - which has virtually nothing to do with the current stock price of shares selling on the open market.
3rdnlng Posted January 20, 2013 Posted January 20, 2013 Obviously Gore is no worse than the CEO's making megabucks. Uh, how much per meeting and how much per sensical comment/suggestion/solution did Gore get paid for?
/dev/null Posted January 20, 2013 Posted January 20, 2013 I won't hate on Al Gore for making bank. He's turned a much smaller investment into a much larger return. As a businessman, I give him mad props. As a human being, he is an absolute hypocrite. But has done nothing illegal. Besides, this economy is tough. Dude had to find a way to pay the mad energy bills of his personal estate and fuel costs to jetset around the country to lecture America how we need to stop using fossil fuels
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