1. Most Discussed
  2. Gainers & Losers
ANZ $29.46

Executive Option Plan

  1. Ocker

    10,172 posts.
    I seem to recall that a couple of months ago the CEO of ANZ exercised 1 mio options issued under his salary package @ $10 (approx) and offloaded them into the market in the mid $19 range - for a cool $9 mio profit.

    Only a cynic would think that as he knew ANZ was sitting on a timebomb with their Marconi (etc) exposure, when it hit the fan the impact on ANZ share price would be nasty.

    Nah, probably never occurred to him, just needed the cash to buy a few things for his holiday house!!

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top