chess online

chess online

Play online chess!

Al Gores apple stocks
« Back to club forum
FromMessage
astinkyfart
20-Jan-13, 18:10

Al Gores apple stocks
Al Gore exercises Apple stock options worth $29 million

The former VP and Apple board member exercised his Apple stock options to buy 59,000 shares of the company for just $7.475 apiece.



by Lance Whitney
| January 18, 2013 8:45 AM PST

Al Gore has just purchased a big chunk of Apple stock by exercising his Apple stock options.

A filing with the Securities and Exchange Commission shows that Gore exercised options on January 15 to buy 59,000 Apple shares at the price of $7.475 a share.

That means Gore paid around $441,000 for his load of Apple stock. With the shares trading just under $500 this morning, Gore's investment is now worth around $29.5 million.

Of course, Apple stock has been falling recently, although that could turn around next week if the company releases good results for the last quarter. Either way, it's still a giant profit for the nation's former vice president.

Gore has exercised stock options at the same price twice before, according to The Next Web -- once in January of 2008 and again in March that same year. After joining Apple's board of directors in 2003, he was awarded 30,000 stock options, but those carried an exercise price of $14.95.

Gore still has a total of 61,574 Apple shares that he can exercise at bargain-basement prices



With all the stuff he has been doing lately you would think he was a capitalist!

Seems he knows a good deal about the stock market...just think if someone with his power could cause fear with some sort of movie about global warming, then come up with an idea that you can charge taxes on carbon perhaps we could trade carbon credits on the stock market.

Nah that could never happen but it would make a great science fiction movie!
itchynscratchy
21-Jan-13, 00:01

Al Gore is an unscientific, opportunistic, scaremongering tool. His film distorts the science in ways that the climate change denial lobby would be proud of, if they didn't disagree with it. However, that does not affect the legitimacy of all the real scientific evidence, or the largely anonymous people who have spent a lifetime gathering it. If you want the evidence go to the professionals, not politicians trying to make a name for themselves, not companies with vested interests, and not sensationalising journalists who are trying to make you buy their newspaper or magazine. When it comes to science, none of these sources can be trusted. I would distrust Greenpeace's statements on climate change as much as I would distrust big oil.
astinkyfart
21-Jan-13, 07:35

Itchy
I agree. Good post
tat3225
21-Jan-13, 20:40

An entire human lifetime? That seems legit..............






Too many people are getting way too big for their britches with respect to climate change and fossil fuels, notably when they start arguing with astrophysicists like Dr. Willie Soon.

Once, I had someone angrily tell me that astrophysics has nothing to do with global warming. Mmmkay. Whatever.



tat3225
21-Jan-13, 20:50

Al Gore seems like a smart guy though. Seems to know how to capitalize on opportunity.
astinkyfart
21-Jan-13, 21:07

Can
You be a capitalist and an environmentalist?
softaire
21-Jan-13, 21:34

Stinky
There are many, many companies involved with protecting and restoring the environment. It is big business.

Think of the companies that design machines to clean up oil spills and companies that are engineering bacteria to eat oil spills. Think of the companies that are designing more fuel efficient engines, cleaner burning coal, more efficient insulators. And, of course the work in solar power development continues.

What about the miniaturization of electronics... the reduced use of electricity to power those devices has to be astronomical world wide.

Think about the companies that produce food improvement in quantity and quality, plus reuse of the land, reduced use of pesticides and water reclamation.

Every advancement you see was done by some (usually many) company(s).

And, to accomplish what they want to do each and every one of them has a profit motive. They do not continue to exist without profit. Their improvements do not materialize without profits.

Somebody invests their capital into these companies, the companies develop their solutions and improvements, and then those get sold. Hopefully the investors get money back on their invested capital.
aussiespud
21-Jan-13, 22:15

Good post Softy, I agree with you....there are also a lot of Government/Semi-Government agencies, NGOs and community groups doing the same things, albeit without a profit motive... it doesn't matter...all groups are to be commended... I think this is one of those things where the ends trumps the means hands down



GameKnot: play chess online, free online chess games database, monthly chess tournaments, Internet chess league, chess teams, chess clubs, online chess puzzles and more.