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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (14662)	5/21/1999 8:22:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

BKS the headlines in the Detroit Free Press Business section this morning said that the 5 month tenure of the CEO of BKS has come to an end, leaving him with a $4 million golden handshake that will wipe out the first quarter's profits. It isn't as good as it sounds for the now-ex CEO, though, as all of that will go to repay part of a $6.3 million loan he got to buy 400k shares of the stock when he hired on (meaning he is down about $3.7 million still) and on top of that he holds July options on 60k shares that look to expire worthless. Must be tough out there in CEO land...