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Al Gores apple stocksThe 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! |
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Itchy |
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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. |
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Can |
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StinkyThink 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. |
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