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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: AD who wrote (60141)5/1/2002 11:28:09 PM
From: Smart_Money  Read Replies (1) of 99280
 
I am absolutely appalled about Vivendi. V sold puts to give executive raises, HUHHH.

"Vivendi revealed that it sold put options last year on tens of millions of its own shares to raise money to pay for stock options it awarded executives. To hedge certain stock options, the company said it committed to buy back shares from the option holders at prices well above Vivendi's current share price"
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