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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You have to get someone to buy the stock first! I for one woundn’t purchase anything AlBore has/had anything to do with.
The guy doesn’t look too bright, but he has a way of getting people to follow him. His powers of persuasion are pretty good. Look at the sheeple who continue to blindly follow him/his advice.
/I suppose anyone who invented the internet can’t be all bad? ( heh!)
I learned something last night listening to the radio that I have got to share, because it put all the pieces together and now makes sense. I have to paraphrase, but it seems that Jimmy Carter (the nuclear physic and peanut farmer) contracted brain cancer from an unfortunate nuclear accident aboard ship in his early years. The Russians found out about his terminal illness, kidnapped him, and replaced him with a humanoid robot which they could control with lasers. The CIA found out about the replacement, so they developed another robot made from mutilated cattle parts to replace the Russian model. In order to afford the robot the protection it deserved and to keep the Russians from getting the mutilated cattle technology, they let him become President with full Secret Service protection. Now, after all these years, it finally makes sense doesn’t it.
From the article; “This Class B share stuff just stinks, especially for a man of the people like Al Gore.” That’s hardly democratic — with a large D or a small d,” agrees University of Delaware corporate governance expert Charles Elson. “The irony is that this is coming from a Democratic leader.”
That’s just too funny; anyone with a half brain knows that ALL DemoncRATs are Hypocrites! This is coming from someone that lives in a 10,000 Sq foot mansion that uses as much energy as 10 regular houses and flies around in a Gulfstream V that burns about 2700 Lbs or 385 Gals of Jet fuel an hour. There’s NO irony here!
http://neutralsource.org/content/blog/detail/598/
I’m sure all you regulars have seen this, but I’ll post it for any Newbees. A Tale of Two Houses.
http://www.conservative.org/pressroom/2007/070806twohouses.htm
DaveD, I had not seen those pictures, and am so glad you posted them. thanks! I knew the President’s house was very environmental and cutting edge, but was clueless what it looked like. It’s too bad we don’t send these to every liberal blog just to get them going.
Isn’t this what liberal call “corporate greed”?
Do you think AlGore is trying something else because folks are catching on to his selling indulgences schemes?
I’ll bet Algore is expecting the federal government to bail out this company if, I mean WHEN, it fails.
What’s an Emmy worth? If you’re former Vice-President Al Gore,
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Shouldn’t that read “Oscar”? Gore didn’t win an Emmy did he?
#9, AlGore won both, thanks to the brain-dead ones in Hollywood, plus the Nobel thanks to the brain-dead ones in Scandinavia. Some trifecta for an empty suit, no?
Al Gore is an Inconvenient Idiot.
I guess I have to spell it out for you. He’s the second coming of Jimmah Carter - see #2.
Adee this is brilliant ” Some trifecta for the empty suit” Good job!
It is obvious to the most casual observer that Gore doesn’t give a damn about the environment. If he were he would be making efforts to stop it. He isn’t. He is however trying to set himself up in the God like position that those that don’t follow his doctrine must pay him for the error’s of their ways.
Sell, Al, sell!
TEST
Under the heading of “I didn’t know that!” I was reading the Texas Magazine for Triple A and came across this;