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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (10431)12/13/2002 5:11:39 PM
From: T L Comiskey  Read Replies (1) of 89467
 
scott...re Now just because he had that little problem at Aetna, don't worry about a thing. According to The Wall Street Journal, "In Dec. 2000, nine months after he took over, Mr. Donaldson told investors that the company's problem with skyrocketing medical costs were finally under control and projected rosy 2001 earnings, driving Aetna's stock price up.

"It turned out that Aetna's system for calculating costs was out of whack (oops!). In April, four months after Mr. Donaldson's upbeat predictions, Aetna announced that earnings would be ?significantly lower' than expected, driving its stock price down by 18 percent in one day.

"Mr. Donaldson had retired 10 days before the profit warning. Aetna's board months earlier had set his compensation for his 10 months of service as CEO in 2000 at a $1 million salary, a $6 million bonus and more than $11 million in restricted stock and options." Our kind of guy.

kinda like G2 and D2...amazing how their road to Success is the same...
lets see how these Captains of Industry 'Made IT'...
! a Good Scheme...
2.add heaping tablespoon of 'Low Ethics'...
3 Aggressive Timing..=
Boodles of Ill gotten Gain....
pretty simple Eh...?
Crooks...nothing But Crooks.....
T
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