Businessweek’s Ron Grover rips apart Al Gore’s latest moneymaking scheme.

What’s an Emmy worth? If you’re former Vice-President Al Gore, it’s worth just north of $1 million a year and roughly another $48 million in stock. That’s a hefty sum for a guy who of late has traveled the globe as a goodwill ambassador for mankind, stressing the need for humanity to wake up to the dangers of global warming.

$48 million? No wonder Mr. Global Warming doesn’t worry about the energy he uses at home. How about his managerial skills?

But the two guys also collect hefty salaries for a company that hasn’t shown a profit in three years — taking down $491,677 apiece last year in cash, plus bonuses of $550,000 each for, in Gore’s case, helping get the company new affiliate agreements, broadening exiting agreements, and putting together a management team. The two currently receive $600,000 a year in salary and are eligible for additional bonuses, according to the IPO filing.

C’mon, Ron, it’s a new world. No longer do you have to show a profit, you have to be bleeding edge and hope to make people think you can make a profit someday. Right?

But, you say, Al Gore is a man of the people! Sure he is.

What really sticks out to me, however, is that Gore and Hyatt, who started the company in 2002 [and jump-started it with a broken-down Newsworld International channel they bought for $70.9 million] will have the kind of hammer-lock control over the company decried by shareholder rights activists and many of the same unions that supported Gore for years.

Yeah, man of the people that Al Gore.

But SECinvestor.com, which tracks federal filings such as IPOs, figures it could go for between $13 and $15 a share, making Gore’s 3.7 million A shares worth somewhere north of $48 million.

Why, that kind of ROI would make even Hillary jealous.

Talk about your inconvenient truths.

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