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To: ladtx
McAuliffe, while acknowledging he did quite well with his investment in Global Crossing, has denied reports in NewsMax and elsewhere that he turned a $100,000 investment into $18 million.

Wow, must have the same financial adviser as Hillary. Ya know, being the party of the people, they sure make some big bucks don't they? Seems like they would want to spread it around a little.

After this broke, several on here spoke of calculations, and the ones I did suggested that to have received 18 mill from the proceeds of a stock sale on the date the share price was the highest, McAullife would have had to have bought the shares at about $.36. Needless to say, the shares never traded for that low of price, so he obviously got some sort of options. What I want to know is when did he get them, and what was he doing at the time?

12 posted on 05/08/2002 11:32:03 AM PDT by 1L
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To: 1L
What I want to know is when did he get them, and what was he doing at the time?

He most likely received the shares as a pre-IPO finders fee for bringing the AFL-CIO to Global Crossing with 300M of investment capital. In other words he didn't pay one penny for the stock.

25 posted on 05/08/2002 4:45:21 PM PDT by Bayou City
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