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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: geewiz who wrote (94213)1/28/2002 9:16:51 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Art, Excellent stuff. I love the fact that somebody admits to buying otm options. That is usually a guilty, hidden pleasure as all the texts say you are a loser if you do so.



To: geewiz who wrote (94213)4/7/2002 8:08:33 AM
From: geewiz  Read Replies (1) | Respond to of 132070
 
Now this is really hard to believe!!!

nytimes.com

The profits were an illusion. The multimillion-dollar rewards for executives were real.

Over the last few years, executives at some companies released inaccurate earnings statements and, before correcting them, sold large amounts of stock at inflated prices. At others, executives insisted for months that the recent recession would not much affect their businesses. By the time they acknowledged their error, some had sold millions of shares at prices that were just a memory.

later, art