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
>
> _______________________________________________
> This is the Midrange Systems Technical Discussion (MIDRANGE-L) mailing list
> To post a message email: MIDRANGE-L@midrange.com
> To subscribe, unsubscribe, or change list options,
> visit: http://lists.midrange.com/cgi-bin/listinfo/midrange-l
> or email: MIDRANGE-L-request@midrange.com
> Before posting, please take a moment to review the archives
> at http://archive.midrange.com/midrange-l.

--
Best Regards
Ken Shields
Home phone: 905 404-2062
Bus  phone  905 725-1144 (326)


As an Amazon Associate we earn from qualifying purchases.

This thread ...

Follow-Ups:
Replies:

Follow On AppleNews
Return to Archive home page | Return to MIDRANGE.COM home page

This mailing list archive is Copyright 1997-2022 by midrange.com and David Gibbs as a compilation work. Use of the archive is restricted to research of a business or technical nature. Any other uses are prohibited. Full details are available on our policy page. If you have questions about this, please contact [javascript protected email address].

Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.