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What Does This Say About John Edwards' Prospects?
You can apparently make good money shorting stocks in which the CEO moved into a palatial mansion.
Posted by Rand Simberg at April 11, 2007 08:06 AM
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Comments
I think the writer missed a third line of reasoning.
She missed the, "..hey I just bought a $24 million mansion off of stock options I got for free and now I can coast" thinking of the CEO. I only use this as an example because that's what happened in a company I used to work for. Here's a guy who scrapped and scraped and in most cases used corporate and political "murder" to get where he is. Now he's got the biggest office, the biggest paycheck and a new big house. What's left to gain? Plus, if you had a $2, $6 or $40 million house, would you want to keep working 18 hours a day?
After what we learned about the corporate crooks of the 90's and the dot com crowd, I'd be more worried to see an article in the social register, or company newspaper, that the CEO was throwing his wife a birthday party in Greece! Turns out that isn't getting done on HIS stocks, but on MINE!!
Posted by Steve at April 11, 2007 04:54 PM
No offense, Steve, as you did make the point clearer, but I do think the author covered that aspect.
Posted by Leland at April 12, 2007 06:48 AM
Leland,
your right. She did beat around it some. Maybe I was too close to this one to see it the first time.
Posted by Steve at April 13, 2007 07:37 AM
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