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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (50505)5/26/2009 11:31:22 PM
From: Maurice Winn2 Recommendations  Respond to of 217526
 
I don't know exactly what the deal was, but perhaps he sold a bunch, incurred the capital gain and bought something else which then crashed, namely JDS Uniphase. As you say, he was probably imprudent, not setting aside the cash immediately, thinking he owned an asset which would cover the amount which had to be paid.

He had a $million debt and no way to repay after JFSU went bung.

Mqurice



To: carranza2 who wrote (50505)5/27/2009 12:03:59 AM
From: energyplay  Read Replies (1) | Respond to of 217526
 
Certain types of stock options generate a capital gain when they are exercised.

Scroll down to Tax Treatment in USA, see non-qualified and incentive stock options.

en.wikipedia.org

Huge numbers of people were caught with this during the tech and dot-com booms.

There are even more complicated stock option scheme with more complex tax issues...


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