Posted on 09/23/2004 6:38:19 AM PDT by mabelkitty
Hear hear! A toast, and promotions all around! Job well done. The timing could have been better, but we don't control when the DNC gives us the green light.
They won't be able to redeem themself, this is too big.
I'd like to see Dan Rather be forced to read the news while wearing pajamas for a week.
I'd watch that.
We need to keep those pajama fires burning or the genie is gonna be swept under the carpet.
I believe they'll try not to do anything until after the election. Reason being: they still have many dumacrats that love Rather no matter what who will continue to watch.
He's a dryed up lefty himself. Likes the pot stirred. He will threaten consequences then go back to the boardroom with high fives all around. There has been 10-15 instances in recent history where he could have slapped the news and entertainment divisions but never did.
Check the dates.
http://www.sec.gov/Archives/edgar/data/813828/000081382804000150/xslF345X02/red370.xml
Yes, some options on his B Class non-voting stock matured, and he cashed them out for $12 Million. He still has about $3,385 Million in B Class stock left. He also controls 71% of the A class voting stock - worth about $3,168 Million.
The person hurt the most by the CBS fraud is Sumner Redstone, due to the stock price drop. I know it seems bad, but $12 Million to Redstone is is like $600 to someone with $500,000 of total assets.
Janet Jackson's boob cost CBS over half a million in fines, and millions in bad publicity. Did anybody lose their jobs over it? No. The Reagans movie was such an embarrassment, CBS had to pull it off their airwaves. Did anybody lose their jobs over it? No. Howard Stern cost Viacom millions in fines. Did anybody lose their jobs over it? No. I expect the same thing will happen with Rathergate, that the "Appropriate Consequences" will be a stern warning.
I expect the Sarbanes-Oxley audits, which are now in effect, will tease some profit warnings by the end of the year.
Hmmm, let me guess: a nice fat bonus for Dan Rather, and the creation of some new "document forger" positions on the CBS "News" Staff?
What is that referring to? I'm confused.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.