For example, Fort Wayne’s Journal Gazette reported on December 15, 2007 (Sylvia A. Smith, Washington editor) that the senator’s wife, Susan Bayh, earned $248,700 from stock options she “earned” from participation on the corporate board of WellPoint, Inc. and sold when the stock was at its highest price. Over the prior four years, the paper reported, Bayh earned money from sales of stocks eight times from Wellpoint, the health insurance giant; Curis Inc., a pharmaceutical developer, and the E-Trade bank. She gained $1.7 million in pre-tax earnings from seven of these transactions. The story also listed Susan Bayh’s 2007 public transactions including, in January, the purchase of 3,333 shares of WellPoint stock at $44.18 per share and selling them for $78 earning $112,722, and, in May, the acquisition of the same number of shares and selling them for $84.98 per share earning $135,978.In 2006, Bayh bought 20,001 shares of WellPoint and sold them earning $796,078.
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More money for everybody!
Where's mine?
Our economy and government are too fracking beholden to the finance sector. I keep saying, I think that's at the bottom of this continual mention of the "1/6 of the economy" line. Can't endanger Imelda's stock options.
This over-reliance on the finance sector is really fracking us up as a country (and the world, too, may I add.)
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We can't afford not to have single-payer!
Hi CD [waves]
n/t
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
Corruption personified.
Bingo.