Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kingu
I wonder if the SEC and the FBI are going to look into this transaction..

Go to Yahoo! Finance

This was a registered Rule 144 transaction. It is not likely there were any shenanigans - especially since it was only $11,952,500 (341,500 shares). The $5,207,875 was the cost of exercising the options - the amount Redstone PAID to exercise the options to buy the stock he sold.

Now if he had sold 11,952,500 SHARES throught shell corporations on the open market, that would be a different story.

57 posted on 09/20/2004 11:13:09 PM PDT by 1stMarylandRegiment (CBS Boycott day 011)
[ Post Reply | Private Reply | To 41 | View Replies ]


To: 1stMarylandRegiment

.... but questions need to be asked....


59 posted on 09/20/2004 11:14:43 PM PDT by MindBender26 (Dan Rather should simply go away quietly, forever.)
[ Post Reply | Private Reply | To 57 | View Replies ]

To: 1stMarylandRegiment
Redstone made $6 million on that exercise/sale. Stewart was brought down for shenanigans involving a transaction worth $60 thousand.
199 posted on 09/21/2004 6:05:49 AM PDT by Petronski (What did Max Cleland know and when did he know it?)
[ Post Reply | Private Reply | To 57 | View Replies ]

To: 1stMarylandRegiment
- especially since it was only $11,952,500 (341,500 shares).

Umm, yeah. That's chump change to Teresa. BTW, how many shares got Martha Stewart sent to prison?

242 posted on 09/21/2004 11:21:23 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 57 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson