Comments on: Sticking to our knitting… http://www.footnoted.org/gold-stars/sticking-to-our-knitting/ Michelle Leder's guide to what's hiding in SEC filings Fri, 21 Nov 2008 20:36:31 +0000 http://wordpress.org/?v=2.6.3 By: mpbk http://www.footnoted.org/gold-stars/sticking-to-our-knitting/#comment-1910 mpbk Thu, 08 Mar 2007 09:00:53 +0000 http://footnoted.org/sticking-to-our-knitting/#comment-1910 I think with that convertible debt if you look at the price of the stock when the loan was taken out, it was $8. I'm not sure about this, but I think the way a lot of these convertible loans work is that the entity giving the loan has the option to take the money or the stock at the time of repayment. Since the stock had doubled, they took the stock. I've seen this many times before with other companies, and I don't think it is anything underhanded. I think with that convertible debt if you look at the price of the stock when the loan was taken out, it was $8. I’m not sure about this, but I think the way a lot of these convertible loans work is that the entity giving the loan has the option to take the money or the stock at the time of repayment. Since the stock had doubled, they took the stock. I’ve seen this many times before with other companies, and I don’t think it is anything underhanded.

]]> By: Frank Graham http://www.footnoted.org/gold-stars/sticking-to-our-knitting/#comment-1693 Frank Graham Wed, 28 Feb 2007 19:09:30 +0000 http://footnoted.org/sticking-to-our-knitting/#comment-1693 This why I switched to those cheapo Chinese made light bulbs 3 for $1 that never burn out unlike the GE born to break ones. GE's Immelt takes home $17.9M Conglomerate says Immelt's payout in 2006 includes $5 million bonus. February 27 2007: 2:42 PM EST NEW YORK (CNNMoney.com) -- General Electric CEO Jeff Immelt received $17.9 million in compensation last year, according to a company filing with the Securities and Exchange Commission. In a proxy statement detailing executive compensation, GE (Charts) said Immelt's payout included $3.3 million in salary, $5 million in bonus, $7.4 million in stock awards and options valued at $574,322. Immelt's payout also included other benefits - such as payments for life insurance, retirement plans and use of the company aircraft - valued at about $1.6 million. GE said Immelt's compensation was based on his performance against a wide range of goals for the year, including financial objectives such as revenue and earnings growth. GE's stock rose about 12 percent in 2006. Better reporting on executive pay? Yes, but ... Find this article at: http://money.cnn.com/2007/02/27/news/companies/ge/index.htm?section=money_latest This why I switched to those cheapo Chinese made light bulbs 3 for $1 that never burn out
unlike the GE born to break ones.

GE’s Immelt takes home $17.9M
Conglomerate says Immelt’s payout in 2006 includes $5 million bonus.
February 27 2007: 2:42 PM EST
NEW YORK (CNNMoney.com) — General Electric CEO Jeff Immelt received $17.9 million in compensation last year, according to a company filing with the Securities and Exchange Commission.

In a proxy statement detailing executive compensation, GE (Charts) said Immelt’s payout included $3.3 million in salary, $5 million in bonus, $7.4 million in stock awards and options valued at $574,322.

Immelt’s payout also included other benefits - such as payments for life insurance, retirement plans and use of the company aircraft - valued at about $1.6 million.

GE said Immelt’s compensation was based on his performance against a wide range of goals for the year, including financial objectives such as revenue and earnings growth.

GE’s stock rose about 12 percent in 2006.

Better reporting on executive pay? Yes, but …

Find this article at:
http://money.cnn.com/2007/02/27/news/companies/ge/index.htm?section=money_latest

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