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End Of An Era?
Gee, remember when everybody was frantic because AOL and Time/Warner were going to take over the known universe? Kind of like everyone thought that Japan was going to buy up America.
I don't usually engage in schadenfreude, but I'll make an exception in this case, because it's so poetically just.
The AOL meltdown has busted Ted Turner. Guess no more big giveaways to idiotic causes for him.
And I found this sentence most amusing:
His ex-wife Jane Fonda was much luckier and escaped major damage from the wipeout. In her prenuptial pact with Ted, she got a maximum of $10 million in AOL stock, but in the past year she gave away most of it to environmental causes and liberal Democrats running for public office.
I hope they held and didn't sell.
Posted by Rand Simberg at July 26, 2002 09:02 AM
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Comments
Interesting that our good liberal Jane chose to give away stock rather than selling the stock and giving cash. You don't suppose she was trying to avoid paying capital gains tax, do you? And surely she wouldn't have given stock to "environmental causes" that happened to be represented by 501(c)(3) organizations in order to claim a tax deduction for the market value of the stock without paying tax on the appreciation? Because we all know that the good Jane would never engage in evil tax avoidance strategies....
Posted by Dave Lonborg at July 26, 2002 01:17 PM
There is a God!!!!!!!!!!!!
Muhahahaha!
Posted by Dr. Clausewitz at July 26, 2002 02:55 PM
Oh, crap... I'm in danger of hyperventilating from laughing so hard.
Posted by Stephen Skubinna at July 26, 2002 03:02 PM
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