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| Smell of Fear: Viacom CEO sells off $12M in Shares Post RatherGate |
| 2004-09-19 |
| Posted by:Frank G |
| #10 Professor Bainbridge (link via Instapundit) suggests there must be an innocent explanation, as does Instapundit. |
| Posted by: Matt 2004-09-19 11:49:33 PM |
| #9 Much different from the Martha Stewart case. Hers was based on inside information. I'm sure the head of the parent of CBS has absolutely no inside information about a scandal in a major subsidiary that could potentially put that subsidiary at serious financial risk. Nope, no CEO would spend any time keeping track of something like that. Couldn't happen. Impossible. Not a chance. Obviously, lies from right-wing blog sites. Yes, yes, lies and fabrications. Completely unbelievable. Trust me, I know. P.S. If Dan gets fired, I'd like his job. I have much experience working with the media. |
| Posted by: Muhammed Saeed al-Sahaf 2004-09-19 10:01:19 PM |
| #8 Matt,I read elsewhere the options expired in 2006/7.He still holds a bunch more options. |
| Posted by: Stephen 2004-09-19 9:25:33 PM |
| #7 Martha went away for 5 mos for $100K max. Being massively rich doesn't stop them from playing |
| Posted by: Frank G 2004-09-19 8:56:57 PM |
| #6 ZF, thanks for the info, but I would suggest to you that the "I'm so rich that $12 million is nothing to me" defense doesn't play all that well with juries, or in the court of public opinion.. |
| Posted by: Matt 2004-09-19 8:32:17 PM |
| #5 I wouldn't get too excited about this. Redstone's worth about $10B. $12M represents 0.1% of his wealth. From al Beeb: US RICH LIST Bill Gates: $46bn Warren Buffett: $36bn Paul Allen: $22bn Walton heirs: $20.5bn each Larry Ellison: $18bn Michael Dell: $13bn Steve Ballmer: $12.2bn Cox heirs: $11bn each John Kluge: $10.5bn Mars heirs: $10.4bn each Sumner Redstone: $9.7bn source: Forbes |
| Posted by: Zhang Fei 2004-09-19 8:05:55 PM |
| #4 Another Martha Stewart case of incredible (Choose one: Good / Bad / Shoot Yourself) timing? |
| Posted by: .com 2004-09-19 6:59:28 PM |
| #3 The only thing I can imagine is that the timing of the sale coincided with the expiration of some options. Otherwise, this is a jaw-dropper. |
| Posted by: Matt 2004-09-19 6:57:11 PM |
| #2 Lol, Matt! That's a, um, "rather" unique take on the situation, lol! And I love succint phrasing! *bravo* |
| Posted by: .com 2004-09-19 6:53:38 PM |
| #1 "Yes, please, I would like the SEC to crawl all the way up my ass." |
| Posted by: Matt 2004-09-19 6:48:38 PM |