Re: Why is Lou selling some shares

When they sold all their stock, that resulted in Enron's collapse.
My guess is, they squirreled in another account in that offshore trust,
and are all laughing.


Chris Rehm wrote:
>
> Well, the perception of that is probably what cost IBM shares $2
> yesterday. But I would doubt it's true.
>
> One thing to note about Enron, and all major corporations, is that they
> paid their execs partially in stock options. Stock options are great,
> but you can only spend them if you sell the stock. So Enron execs were
> selling their stock long before there was any sign of trouble, because
> that is how they collect their money.
>
> Lou is selling his stock to collect his pay with IBM. If he doesn't
> start selling chunks of his holdings now, then he'll be stuck at some
> point in the future where he wants to sell a much bigger chunk which
> would look even scarier to the market. I remember similar scare posts
> when Bill Gates recently sold some stock, but his stock went up 20%
> after he sold it.
>
> Also, no matter how much Gerstner trusts Palmisano, we all know the ride
> is a lot scarier from the passenger seat than from the driver's seat.
>
> Dare wrote:
>
> >This is a multi-part message in MIME format.
> >--
> >[ Picked text/plain from multipart/alternative ]
> >Guys,
> >
> >In lieu of Enron burned-out and the acts of the TOPs Execs, I wonder if 
>Lou's action is to tell us anything about IBM.
> >
> >Dare
> >--
> >
> --
> Chris Rehm
> javadisciple@earthlink.net
>
> Beloved, let us love one another: for love is of God; and every one
> that loveth is born of God, and knoweth God. 1 John 4:7
>
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