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ANZ $27.15

Executive Option Plan

  1. Ocker

    10,338 Posts.
    2
    26/07/02
    15:52:14
    42053
     
    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!!
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    ANZ (ASX)
    Price at posting: 0.0¢
    Sentiment: None
    Disclosure: Not Held

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