Took the words right out of my mouth. Then they won't even answers questions at an annual meeting. They limit you to two, and won't allow any follow-ups to the piss poor answers that they give. it should be a private company
jealmc79, The "gift shares" are taxable as ordinary income. Most people on the board are in maximum bracket, The "gift shares" will cost them about $70K federal tax and $0 to $20K state tax depending where they live. This is why they usually sell half or more to pay their taxes. Also the "gift shares" are valued at the current stock price when they are "gifted". As to you selling covered calls against your stock there is only one person to blame or be happy with....
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