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Felix Allen Didn't Report His Stock Options

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AspenRose Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:14 PM
Original message
Felix Allen Didn't Report His Stock Options
Ooooooops! :rofl:

RICHMOND, Va. - For the past five years, Sen. George Allen (news, bio, voting record), has failed to tell Congress about stock options he got for his work as a director of a high-tech company. The Virginia Republican also asked the Army to help another business that gave him similar options.

Congressional rules require senators to disclose to the Senate all deferred compensation, such as stock options. The rules also urge senators to avoid taking any official action that could benefit them financially or appear to do so.

Those requirements exist so the public can police lawmakers for possible conflicts of interest, especially involving companies with government business that lawmakers can influence.

Allen's stock options date to the period from January 1998 to January 2001 when Allen was between political jobs and had plunged into the corporate world.

More at:
http://news.yahoo.com/s/ap/20061008/ap_on_el_se/allen_i...

(why do I have the feeling the bastard's STILL gonna win? :-()
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wakeme2008 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:16 PM
Response to Original message
1. and one winfall of $250,000... is nothing
n interviews, Allen and his staff sought to play down his corporate dealings, saying they were a good learning experience but did not lead to extraordinary riches - except for a quarter-million-dollar windfall from Com-Net Ericsson stock.
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movonne Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:18 PM
Response to Original message
2. Dumb people and diebold....deadly combination..Many in Va are
happy remarks...
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11 Bravo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:58 PM
Response to Reply #2
6. Thanks for the snarkiness.
I was born and raised in Virginia, and love it here, but I'm glad to know I'm now officially dumb. (By the way, this kind of shit plays better on other boards.)
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movonne Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 06:42 PM
Response to Reply #6
7. What a surprise, I sure did not mean anything snarky..please explain...
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:21 PM
Response to Original message
3. His campaign ads tout his Bill promoting high-tech business
I believe there could be just a teeny-wheeny conflict of interest here.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:25 PM
Response to Original message
4. Oy vey! This will have his supporters farklempt! nt
Edited on Sun Oct-08-06 04:25 PM by valerief
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 04:33 PM
Response to Original message
5. Recommended - Thanks!
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