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Fact of the Week

Fact of the Week

One interesting question from the bankrupcy of the fiber optic company Global Crossing is what happened to the options owned by former president George H. W. Bush. He earned $80,000 worth of options in lieu of cash from a speech in Tokyo in 1997. If he sold the related shares, which were at one point worth over $14 million, then he could be liable for insider trading charges.

Source: Salon.com, 15 February 2002.

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