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Al Gore Nets Another Fortune on Apple Stock [Buys 60,000 Shares Valued @ $7.48/Share!]
Yahoo News ^
| January 18, 2013
| Javier E. David
Posted on 01/18/2013 9:01:18 PM PST by Steelfish
click here to read article
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1
posted on
01/18/2013 9:01:28 PM PST
by
Steelfish
To: Steelfish
Andrew Wilkow: “Socialism is for the people, not the Socialist.”
2
posted on
01/18/2013 9:05:55 PM PST
by
DTogo
(High time to bring back The Sons of Liberty !!)
To: Steelfish
The Marxist will be wanting to confiscate all that wealth and spread it around. It’s for the children.
3
posted on
01/18/2013 9:08:28 PM PST
by
Jim Robinson
(Resistance to tyrants is obedience to God!!)
To: Jim Robinson
For the stock market ignorant among us, how is Gore able to do this?
Yes, if I wanted 60K shares of Apple it would cost quite a bit more than $8 per share.
What am I missing? Apple hasn't been under $8 for at least 2 decades.
4
posted on
01/18/2013 9:13:03 PM PST
by
boop
("You don't look so bad, here's another")
To: Jim Robinson
Chump change for algore. Apple stock was over $200.oo a share higher a couple of months ago.
5
posted on
01/18/2013 9:18:56 PM PST
by
onyx
(FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
To: boop
It’s called stock options. At some point he must have been granted/given/paid in stock options - that is, the option to purchase stocks at a particular price.
So he sat on it until now - apparently Gore is trying to raise money and/or knows something that the general public/markets don’t know (insider trading?).
6
posted on
01/18/2013 9:21:37 PM PST
by
TheBattman
(Isn't the lesser evil... still evil?)
To: Steelfish
Another reason why I will never buy an Apple product.
7
posted on
01/18/2013 9:22:10 PM PST
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: boop
For the stock market ignorant among us, how is Gore able to do this? "Al Gore . . . exercised an option to purchase nearly 60,000 shares of the tech giant at the bargain basement price of $7.48, costing him a total of about $445,000."
8
posted on
01/18/2013 9:22:33 PM PST
by
FoxInSocks
("Hope is not a course of action." -- M. O'Neal, USMC)
To: boop
For the stock market ignorant among us, how is Gore able to do this?He probably bought leaps a few years ago.
Anybody can do it, you just have to guess right.
A leap is a long term option.
An option is where you purchase the right to buy a stock for a certain price for a certain amount of time, usually in 6 month increments.
You are buying time and value.
9
posted on
01/18/2013 9:23:13 PM PST
by
Mogger
(Independence, better fuel economy and performance with American made synthetic oil.)
To: onyx
FYI Gore is richer than Romney
10
posted on
01/18/2013 9:23:13 PM PST
by
al baby
(Hi Mom)
To: boop
Apple was in the single digits around 2006. He probably was given options when he joined the board.
11
posted on
01/18/2013 9:24:18 PM PST
by
guyfromjrz
(fresh breath, it speaks for itself.)
To: Steelfish
Good for him! Steve Jobs did the same thing. That’s how it works at that level.
To: al baby
Yes, I know and neither will ever be president...LOL.
13
posted on
01/18/2013 9:27:20 PM PST
by
onyx
(FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
To: boop
It was apparently in AG’s contract. But I cannot imagine how this hypocrite added 29 million in value. I am not so sure Apple is now a well run company, especially after reading this.
14
posted on
01/18/2013 9:28:30 PM PST
by
The_Media_never_lie
(Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
To: liege
At least Steve Jobs had something to do with Apple’s success. What has iGore contributed (other than inventing the Internet)?
15
posted on
01/18/2013 9:30:00 PM PST
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: Steelfish
Al Gore got a seat on Apple’s Board of Directors for his ability to open up doors in D.C. Don’t blame him, blame the corrupt political system.
16
posted on
01/18/2013 9:33:36 PM PST
by
Revolting cat!
(Bad things are wrong! Ice cream is delicious!)
To: Revolting cat!
Al Gore got a seat on Apples Board of Directors for his ability to open up doors in D.C. Or more likely, protection.
Spit.
To: Steelfish
A fat lot of good that money’s gonna do him. He’s still going to have to wake up tomorrow morning, look in the mirror, and see Al Gore starin’ back! :O
18
posted on
01/18/2013 9:39:10 PM PST
by
The Duke
Comment #19 Removed by Moderator
To: Revolting cat!
Dont blame him, blame the corrupt political system.Gore is a big part of the corrupt political system. He deserves some of the blame.
20
posted on
01/18/2013 9:42:13 PM PST
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
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