AboutDr. Joseph de Beauchamp Expertise As an MBA professor, I publish on over 2000 public companies. I engage in conversations with them daily. I love to help people find good advice in this complex market.
Question We're doing a story in how early executives like Steve Case, Ted Leonsis and others made a mint, as did other "small fry" employees at aol, partially because of fraud involved in inflating the company's worth and then selling out. I need a list of those execs and about how much they made. We find it strange no one is going to jail and today's Time-Warner stockholders are left holding the bag to pay thses massive fines.
Thanks,
Dave Hughes
Editor, Loudoun Business
Leesburg, VA
Home county of aol.
Answer You could find these tranactions on 13G filings, and it is all disclosed. The reason they did not go to jail is that they did disclose everything. Until this country stops allowing repurchase or treasury stock, the problems will continue. The stock fell apart mainly for lack of communications through their investor relations department, however. Without good communications, stocks never perform well. For example, why not call AOL and ask for the 10-k and 13-G forms. They are required to send them to anyone, and I would be surprised if you see those forms in a timely basis.
