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Pastimes : Investment Chat Board Lawsuits
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To: EL KABONG!!! who wrote (4203)2/8/2003 1:09:39 PM
From: John Sladek  Read Replies (1) of 12465
 
Kerry, Why didn't their high price accountants advise these guys to:

1. Exercise the options
2. Sell the stock
3. Put some of the cash away somewhere safe to pay the taxes.
4. Buy another yacht.

Chairman and Chief Executive William Esrey and President and Chief Operating Officer Ronald LeMay may face personal bankruptcy if the IRS is successful in challenging the legality of the complicated two-part shelter transactions proposed by Ernst & Young
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