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  • The WH has made it clear that white color crime will not be prosecuted. The word is out.
  • edmo: The WH has made it clear that white color crime will not be prosecuted. The word is out.


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  • everyone's doing it. anarchy is upon us. i need some more bondage gear. brb
  • stock options are not stock
    If he exercised them after he knew about the bailout and before the news became public, that's a big farking problem.
    Anyone who buys Kodak stock is dumb, even now.
  • Oh wait, they issued the options the day before the news broke...and yeah I'm sure he exercised them.
  • PainInTheASP: edmo: The WH has made it clear that white color crime will not be prosecuted. The word is out.

    [Fark user image 348x260]


    Hmmm. Even my typos are smarter than me.
  • So C-level folks don't have the same 3 year vesting schedule for stock grants that everyone else has deal with? That hardly seems fair.
  • Anyone in congress/white house who knew about the deal and bought kodak shares/option made tens of millions if not hundreds of millions of $ in 2 days if they arent idiots.

    Hell they could set up a shell corporation, take a bunch of loans, put millions in the shell company, buy kodak shares, make millions in profit, sell back the shares... TADAAAAAAAA multi millionaire overnight... and you just KNOW they wont prosecute/investigate you.
  • And as usual, it's only apparent because of the unfathomable incompetence of the bad actors.  And as usual it's only receiving a fracture of the media coverage it would be of the criminals had a "D" next to their names.
  • it's a good deal now all the precursor chemicals for ghb / meth / etc etc are going to be coming back to the u.s :)
  • So the $600 is still a "no," right?
  • Let's see what develops.
  • Laws haven't mattered in nearly 4 years.
  • edmo: The WH has made it clear that white color crime will not be prosecuted. The word is out.


    I was going to highlight a typo, but I reconsidered.  Well played.
  • lolmao500: Anyone in congress/white house who knew about the deal and bought kodak shares/option made tens of millions if not hundreds of millions of $ in 2 days if they arent idiots.

    Hell they could set up a shell corporation, take a bunch of loans, put millions in the shell company, buy kodak shares, make millions in profit, sell back the shares... TADAAAAAAAA multi millionaire overnight... and you just KNOW they wont prosecute/investigate you.


    *busily scribbles notes*
  • some_beer_drinker: everyone's doing it. anarchy is upon us. i need some more bondage gear. brb



    Make sure you include hair dye, feathers, and shoulder pads

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  • cretinbob: stock options are not stock
    If he exercised them after he knew about the bailout and before the news became public, that's a big farking problem.
    Anyone who buys Kodak stock is dumb, even now.


    This,
    I got employee stock options after we started a clinical trial for a drug I was working on, so didn't the C suite.  They had a 5 year maturation period where I had to wait 2 years to sell the first share.
    In this case it is likely the CEO also has to wait plus needs BOD permission to sell.
    From a share holder perspective it's giving the CEO a delayed bonus for performance and keeps them motivated to follow through on the business plan.
    Would another company have been a better choice?  Yes.  Will it take Kodak longer to deliver because they don't manufacture pharmaceuticals?  Yes.
    Now, did any members of the government who knew about this deal personally benefit?  If that is true then that's a crime.
  • LarryDan43: Laws haven't mattered in nearly 4 years.


    We've had a two-tiered justice system for a lot longer than a measly 4 years.
  • Crimes this egregious should be punished.

    Conservatives like to get tough on crime. So I offer the modest suggestions of either drawing and quartering all involved;

    or a controlled disembowelment where the convicted is then hanged to death by their own entrails.


    Now, you may consider that over the top, extreme, barbaric.
    But I ask you; what punishment effectively serves as a deterrent to the theft of billions of taxpayer dollars?

    Because if we want to get tough on this crime, we should make the punishment fitting. A murder destroys one life. These people destroy thousands, and millions.
  • cretinbob: stock options are not stock
    If he exercised them after he knew about the bailout and before the news became public, that's a big farking problem.
    Anyone who buys Kodak stock is dumb, even now.


    In some ways, options are better than stock. In terms of profiting from stock gains after options are granted vs shares purchased, they're pretty close to the same.

    That these were "only" options in no way makes the transaction more legit. It may have been legit, but the timing is what an illegal trade looks like. If Kodak can document that the option grant was in motion well before discussions about this new federal deal began, it should be easy to clear up.
  • Northern:
    Would another company have been a better choice?  Yes.  Will it take Kodak longer to deliver because they don't manufacture pharmaceuticals?  Yes.
    Now, did any members of the government who knew about this deal personally benefit?  If that is true then that's a crime.


    Eastman Kodak May not have pharmaceuticals, but they've been a fine chemical manufacturer for a long time.  Maybe they haven't had any experience in running clinical trials, but as far as manufacturing goes, molecules is molecules.
  • OccamsWhiskers: cretinbob: stock options are not stock
    If he exercised them after he knew about the bailout and before the news became public, that's a big farking problem.
    Anyone who buys Kodak stock is dumb, even now.

    In some ways, options are better than stock. In terms of profiting from stock gains after options are granted vs shares purchased, they're pretty close to the same.

    That these were "only" options in no way makes the transaction more legit. It may have been legit, but the timing is what an illegal trade looks like. If Kodak can document that the option grant was in motion well before discussions about this new federal deal began, it should be easy to clear up.


    The options were in the CEO's contract from when he signed on with Kodak.  IIRC, he gets options quarterly and has never failed to exercise them.
  • cretinbob: Oh wait, they issued the options the day before the news broke...and yeah I'm sure he exercised them.


    I don't think options work that way.  Typically options vest over the course of several years, in installments.
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