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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (4203)2/8/2003 5:55:36 AM
From: Bill Ulrich  Respond to of 12465
 
Why didn't FBN think of this: "Stock options? What stock options? Those were just 'cafeteria benefits' — a burger here, a burger there. What's your freakin' problem? These aren't the tax droids you're looking for. We can move along."



To: EL KABONG!!! who wrote (4203)2/8/2003 1:09:39 PM
From: John Sladek  Read Replies (1) | Respond to 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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