provided there isnt any manipulations taking place to give stocks an artifical value before they sell them off, I think its a good incentive for employees to own stock in their company.The Eastman Kodak Company gave its CEO 1.75 million stock options just one day before the companyâ€[emoji769]s stock soared amid news that it would receive a $765 million federal loan to manufacture critical drug components, the New York Times reported Friday.
When news of the White House deal went live earlier this week, Kodakâ€[emoji769]s shares ballooned by more than 1,000%, topping out at around $60 (theyâ€[emoji769]ve since fallen to about $21, still a hefty jump from their average $2-3 cost). As a result of this incredibly fortuitous timing (wink), Kodak CEO Jim Continenza saw the value of his stock options soar to $50 million in less than 48 hours after receiving them, per the outlet.
One of the drugs Kodak will be looking into?�
Kodak Gave Its CEO Stock Options, Then News Broke of a Million-Dollar Federal Deal and Prices Soared
Even assuming that this entire stock option grant was tied to the loan deal, what exactly is the problem with paying an executive chairman about $25M well for leading the company to secure nearly a billion dollars in funding, resulting in the market value of the company increasing by more than $800M?
Is that fundamentally worse than, say, paying George Clooney $20M for acting in one movie?
Yeah, nothing to see here; just like a Clooney movie.........:screwy
provided there isnt any manipulations taking place to give stocks an artifical value before they sell them off, I think its a good incentive for employees to own stock in their company.
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Basic reasoning skills and integrity.What am I missing
Basic reasoning skills and integrity.
Might? It was you who clearly stated that you were missing something. It also became clear that you lacked what it takes to even recognize what you were missing.That comment might bite
Why would I waste the effort, when clearly you would miss that also.if you had bothered to demonstrate any of your own.
It was not a snide comment, but fact and no I did not use an emoji.Unfortunately for you, a snide comment and an emoji aren't enough to override your cognitive dissonance.
Might? It was you who clearly stated that you were missing something. It also became clear that you lacked what it takes to even recognize what you were missing.
It was not a snide comment, but fact and no I did not use an emoji.
Not in the post to which I responded. You either are missing what it takes to grast even the simplest of facts or the integrity to recognize those facts. Perhaps both.I was referring to whether I was missing any substance in your argument
Not in the post to which I responded. You either are missing what it takes to grast even the simplest of facts or the integrity to recognize those facts. Perhaps both.
The Eastman Kodak Company gave its CEO 1.75 million stock options just one day before the company’s stock soared amid news that it would receive a $765 million federal loan to manufacture critical drug components, the New York Times reported Friday.
When news of the White House deal went live earlier this week, Kodak’s shares ballooned by more than 1,000%, topping out at around $60 (they’ve since fallen to about $21, still a hefty jump from their average $2-3 cost). As a result of this incredibly fortuitous timing (wink), Kodak CEO Jim Continenza saw the value of his stock options soar to $50 million in less than 48 hours after receiving them, per the outlet.
One of the drugs Kodak will be looking into?�
Kodak Gave Its CEO Stock Options, Then News Broke of a Million-Dollar Federal Deal and Prices Soared
provided there isnt any manipulations taking place to give stocks an artifical value before they sell them off, I think its a good incentive for employees to own stock in their company.
Sent from my SM-G965U using Tapatalk
Being granted stock options the day before a major announcement is manipulation, and harms existing shareholders
Normally there is a freeze on internal share purchases before major announcements
Being granted stock options the day before a major announcement is manipulation, and harms existing shareholders
Normally there is a freeze on internal share purchases before major announcements
The Eastman Kodak Company gave its CEO 1.75 million stock options just one day before the company’s stock soared amid news that it would receive a $765 million federal loan to manufacture critical drug components, the New York Times reported Friday.
When news of the White House deal went live earlier this week, Kodak’s shares ballooned by more than 1,000%, topping out at around $60 (they’ve since fallen to about $21, still a hefty jump from their average $2-3 cost). As a result of this incredibly fortuitous timing (wink), Kodak CEO Jim Continenza saw the value of his stock options soar to $50 million in less than 48 hours after receiving them, per the outlet.
One of the drugs Kodak will be looking into?�
Kodak Gave Its CEO Stock Options, Then News Broke of a Million-Dollar Federal Deal and Prices Soared
What am I missing, other than you're jealous that some people make lots of money for being in the right place at the right time, but you look the way when it happens for others?
That's how it works. Close the deal get the options. don't close the deal, plod on. Nothing nefarious about it, in fact its a widely used executive incentivized compensation clause in their employment packages.
A grant of stock options is not a share purchase.
Do we even know what the option price was?
A grant of stock options is not a share purchase.
Do we even know what the option price was?
You'll need some evidence it's common practice for a BOD to get a deal done, then the day before it's announced grant the CEO a massive stock option package, while the BOD not coincidentally also grant themselves a fat options grant, timed ahead of the public release, of course. And all the while news of the deal leaked and a bunch of insider traders also got rich by buying ahead of the announcement.
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