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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (13701)	9/16/2003 8:52:37 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

exercized roughly $1.2 Mil in Worldcom options, margined it to the hilt and held to the bitter, bitter, bitter, bitter, end. what happened? did he go Chapter 7? i hear the credit card cos are pressuring Congress to make personal bankruptcy much more difficult to declare. seems many people were caught unawares by the tax consequences of their actions. i think it was compounded because the people receiving all the options were company employees as opposed to sole proprietors (self-employed), and thus probably not as familiar with the concept of quarterly payments.