AP: Neil Bush Makes 1 - Day Stock Windfall

[velocity]

http://www.nytimes.com/aponline/national/AP-Neil-Bush-Windfall.html

December 31, 2003
AP: Neil Bush Makes 1 - Day Stock Windfall
By THE ASSOCIATED PRESS

Filed at 2:58 p.m. ET

WASHINGTON (AP) -- Cashing in stock options before the market crashed, presidential brother Neil Bush made at least $171,370 in a single day by buying and selling shares in a small U.S. high-tech firm where he had previously been a consultant, according to tax returns that give a glimpse into his business dealings.

The July 19, 1999 purchase and quick sale of stock from Kopin Corp. of Taunton, Mass., came on a day that the company received good news about a new Asian client that sent its stock value soaring.

``My timing on this transaction was very fortunate,'' Bush told The Associated Press.

Bush's profit was a slice of at least $798,218 that the president's younger brother reported on his tax returns from three transactions involving Kopin's stock.

..more at AP

[Kathy in Cambridge]

1. Gee, do you think there was any insider trading going on?

:eyes:

[saigon68]

9. PIG with Snout in Trough

Disgusting

[worldgonekrazy]

30. No. Only Martha Stewart is guilty of such offenses

Don't you know man? Do you even watch the corporate media?!

[Barrett808]

2. A Bush doing insider trades? Shocking!

What will be next -- manufacturing a war or something?

[wryter2000]

3. Remind me again

Remind me again what they did to Hillary for making a profit in stocks?

[TankLV]

36. Remind me again what they did to Bill for LOSING money!

G-----n A------s!

[Minstrel Boy]

4. "My timing on this transaction was very fortunate"

Yup. Just a fortunate son.

[TankLV]

37. Another amazing coincidence that just happens to benefit them

to the exclusion of others!

What a coincidence!

[T Bone]

44. Every two Incidents is a Coincidence

And when coincidences cascade, converge, and dovetail, overlap, intersect, and repeatedly produce piles of income for one family and its' members...what's that?

[boneygrey]

5. I'll bet

his "financial advisor" was Martha Stewart.

[saigon68]

11. No it was either Millikan or Lay

They have practice and a track record, at this sort of thing

[aquart]

19. Hardly. Martha's a Democrat.

That's why she's being prosecuted.

But I'll bet you knew that.

[boneygrey]

34. Actually

I didn't know that. :shrug:

[htuttle]

6. Good thing that Martha Stewart didn't do this...

...or she'd REALLY be in trouble.

[DoYouEverWonder]

25. Martha only made $48,000 on her deal

That's petty cash to the Bu$h Boys.

[Cocoa]

7. ooooh what a lucky man he was..

cue the synth solo.

[soup]

8. was it Neil

in the Fresh Del Monte mess?
whose maid died under strange circumstances?
pushes the educational software?
recently got a divorce?
involved in the S&L deal?
called the election in 2000 for *jr?
handled security at WTC?

so many underhanded deals, so much garbage from one family, it's hard to keep straight.

[Cocoa]

10. it wasn't strange circumstances

the maid was just very UNlucky when her car, with no driver, ran over her and killed her.

Some people have all the luck, some people have all the pain...

[Minstrel Boy]

16. That was Marvin:

the Bush boy who was on board of the Kuwaiti-financed company that provided security for the World Trade Center, then left and joined the board of one of its principal insurers.

Marvin, I seem to recall, had something to do with the Baseball Hall of Fame flap surrounding Tim Robbins.

Hard to keep the kids straight.

[Cocoa]

17. was Marvin the one who was friends with John Hinckley?

those irrepressible Bush boys, trouble just seems to follow them around, what a handful for old Babs!

[worldgonekrazy]

31. No, THAT was Neil

Supposedly even had lunch with Hinckley's brother the day Reagan was shot.

[TolstoyAndy]

35. No, it was Marvin whose babysitter was killed

Link and snippet. I've heard nothing on this since.

http://www.washingtonpost.com/wp-dyn/articles/A46190-2003Oct5.html

Bush Family Babysitter Killed in Fairfax

A babysitter for the family of Marvin Bush was found dead Monday night outside the family's Fairfax County home, ... crushed when her car rolled into her, pinning her between ... outbuilding on the property.

[Cuban Peril]

42. And?

What more could you hear on this? Accidents happen. Even to people you don't like.

[SpiralHawk]

12. Is this the same Neil Bush who got caught with underage hookers

in his hotel room in Thailand?

The same guy? The pResident's brother?

Neil "Silverado" Bush? The guy we taxpayers bailed out with millions of our dollars in the Savings & Loan scandals?

If so, then no problem. He has an "ethical disability," or so his lawyer says.

So stop picking on him.

Like his brother George, he is "special" and deserves "special treatment."

[SoCalDem]

13. "...called the election in 2000 for *jr?..." that was Billy Bush

equally :puke:

[aquart]

20. It's good that the Bushes can find employment.

We would't want them to be public charges or anything.

[missile_bender]

14. "The money just showed up on my doorstep

and gave me sex. It was very unusual," said Neil Mellon Bush, named after Nazi oil baron and Prescott Bush business partner Neil Mellon.

[SpiralHawk]

15. Neil "Mellon" Bush ! WTF ?

The Bushes and the Mellons have interbred?

I am shocked, shocked, shocked I tell you
at how the Ruling Class carries on.

I am just shocked.

Is there no hope for the Proles?

Or is the future all about the Patricians and the Plutocrats like the Bushes and the Mellons?

Dispairingly, SH

[aquart]

21. Inbreeding=George.

[LiberalFighter]

43. Must had been why their daddy picked quayle

[missile_bender]

24. OOPS. That's MALLON, not Mellon

Henry Neil Mallon. He gave George Sr. his first oil job. Too subtle?

[Bandit]

29. He gave George Sr. his first oil job.

Is that anything like hand job?

[izzie]

18. I am shocked, shocked.

I am leaving on my broom right now.

[daleo]

22. As Bob Dylan said in "Idiot Wind"

He can't help it if he's lucky.

[MGKrebs]

32. Or how about "It don't take a weatherman to tell

which way the wind blows".

[Yupster]

23. This is stock options

From many of the comments, I get the idea that many people do not know what stock options are.

When you exercise stock options, you almost always do the buy and sell in one day. Nothing unusual about that.

If he caught the very best day to do it, that would be unusual, but the buying and immediately selling is just what happens when you exrecise your options.

On edit -- most brokerage firms will allow you to exercise your options "cashless," so you don't even have to come up with the money for the buy.

[daleo]

28. I think it is the lucky choice of day people are commenting on

Plus, the naked women showing up at his hotel room door in Thailand, offering sex for free - that could be construed as a piece of luck too.

[Scurrilous]

26. "That ain't workin' that's the way you do it....

...money for nothin' and chicks for free."

[Cocoa]

27. perfect!

I want my.... I want my... I want my BFEE.

[Unknown Known]

33. More on Neil "Silverado" Bush

The Relatively Charmed Life Of Neil Bush:
Despite Silverado and Voodoo, Fortune Still Smiles on the President's Brotherhttp://www.washingtonpost.com/ac2/wp-dyn/A35297-2003Dec27?language=printer

Neil is now in a company called (get this) - "Ignite!" - with the exclamation point as part of the title. It's just another scam company set up for another POS bush-loser kid. This time, Neil is going to make money off his brother's Leave All Children Behind (and pick their parents' pockets while you're at it)Act!

Apparently, this scam writes (ahem)"educational" programs, but it's all crap! Here's one of my favorite parts of this article -

But at Whitney (High School) reviews were less laudatory. "The kids felt pretty strongly that what this was about was lowering the bar," says Humes (writer Edward Humes).

Humes wasn't impressed, either. "There was a lot of rhyming and games," he says. "It reminded me of what my son uses -- but he's in kindergarten."

When Bush spoke at Whitney, several students began arguing with him.

"He was very surprised," Humes recalls. "You had to see the look on his face when one young woman got up and said she liked calculus. He said it was useless. This is the branch of mathematics that makes space travel possible, and he said it was useless."

BWAAHAHAHAHAHAH!!!! No wonder Freepers love this dysfunctional family!!!

Here's my other favorite part about his divorce from Sharon -

Neil's friend Spalding was calling reporters with a choice morsel of his own: Sharon had yanked hair out of Neil's head, Spalding said, so she could make a voodoo doll and put a curse on her ex-husband.

"It was bizarre," Spalding says. "She literally pulled his hair and yanked it out of his head. He told me about it."

Sharon admitted doing that and also said she collected some from his hairstylist's floor. But it was not for voodoo, she told the Houston Chronicle. Neil was acting so erratically, she said, that she wanted to test the hair for signs of drug use. The tests were inconclusive, she said.

I, myself, believe the voodoo story. Of course, Sharon would deny this because it sounds screwy. But it would be the only way to deal with a satanic bunch like the bushes - and you all wonder why everything seems to go their way! Just ask Nancy Reagan why she used to be in constant communication with her astrologist, and she made absolutely sure Ronnie never did ANYTHING, not even hold a meeting, when the signs were bad. Of course, everyone thought Nancy was nuts and it was quite an embarassment, but once you know the bush family, it doesn't seem quite so nutty!

Unfortunately, this article does not mention it, but Neil was the one who was scheduled to meet with Hinkley, Sr. the night Hinkley, Jr shot Ronnie.

[missile_bender]

39. Calculus is so 20th Century

And won't help us fight the terrorists!

[ThoughtCriminal]

46. neil bush voodoo doll?

"Sharon had yanked hair out of Neil's head, Spalding said, so she could make a voodoo doll and put a curse on her ex-husband"

Now there's a doll that could get some serious bids on eBay.

[cosmicdot]

38. I found a penny this week ... heads up ...

:eyes:

$171K would have turned life around though ... but, that's the luck of 'the haves', and just pocket change for them and Neil ...

how did Neil qualify to be a consultant to a semi-conductor company? must be his high-finance finesse and ability to 'network' ...

Bush says he first came in contact with Kopin when he was a consultant for an Asian company, Telecom Holdings, a telecommunications company whose executives wanted to invest in the United States.

with all his legal bills, what a stroke of luck to opt on just the right day ... it was probably a cloudless day, too ...

3/4 of a million altogether from the Kopin stock ... $798,218 ...



so few are given so many opportunities -

shame they don't care about building quality businesses and bedrock for America's security ... only their personal short-term $ gain


*******************************************

Background of Directors and Certain Officers


John C.C. Fan, President, Chief Executive Officer, Chairman of the Board of Directors. Dr. Fan, a founder of the Company, has served as Chief Executive Officer and Chairman of the Board of Directors of the Company since its organization in April 1984. He has also served as President of the Company since July 1990. Prior to July 1985, Dr. Fan was Associate Leader of the Electronic Materials Group at MIT Lincoln Laboratory. Dr. Fan is the author of numerous patents and scientific publications. Dr. Fan received a Ph.D. in Applied Physics from Harvard University.


David E. Brook, Secretary and Director. Mr. Brook is a founder of the Company and has served as a Director since 1984. Mr. Brook is the founder and senior partner of the patent law firm of Hamilton, Brook, Smith & Reynolds in Concord, Massachusetts.


Andrew H. Chapman, Director. Mr. Chapman has served as a Director of the Company since 1985. Mr. Chapman is a founder and director of Narad Networks, a privately held telecommunications network equipment company. Mr. Chapman was a founder of MaxComm Technologies, Inc., a telecommunications equipment company, and was a director and Executive Vice President of MaxComm from 1998 to 1999, when it was sold to Cisco Systems. From 1994 to 1996, Mr. Chapman also served as Executive Vice President of Integrated Network Corporation, of which he has also served as a director. During that time, Mr. Chapman was also a founder and co-General Manager of Dagaz Technologies, Integrated Network’s Multimedia Business Unit, which was sold to Cisco Systems in 1997. From its formation in 1988 to 1998, Mr. Chapman was also Managing Director of The Vertical Group, a private investment management company.


Morton Collins, Director. Mr. Collins has served as a Director of the Company since 1985. Mr. Collins has been a General Partner of DSV Partners III, a venture capital limited partnership, since 1981, and a General Partner of DSV Management Ltd. since 1982. Since 1985, DSV Management Ltd. has been the General Partner of DSV Partners IV, a venture capital limited partnership. Mr. Collins is also a director of Strategic Diagnostics, Inc. and a number of privately held companies.


Chi Chia Hsieh, Director. Dr. Hsieh has served as a Director of the Company since December 1995. Dr. Hsieh is currently the Vice Chairman and was previously the President of Microelectronics Technology, Inc., a Taiwan corporation publicly traded on the Taiwan Stock Exchange. Dr. Hsieh is also Chairman of the Board of Directors of Kopin Taiwan Corporation, a Taiwan corporation in which the Company has made an equity investment.


Michael A. Wall, Director. Mr. Wall is a founder of the Company and has served as a Director since 1984. Mr. Wall is a director and Chairman of Alkermes, Inc. Mr. Wall has founded, been a director of and/or managed numerous high technology firms in the last three decades, including Centocor, Inc. and Flow Laboratories, Inc.

http://www.sec.gov/Archives/edgar/data/771266/000092701603001098/ddef14a.htm

[stickdog]

40. Funny that Bushes always seem to be making such "fortunate" trades.

And then there's all these "fortunate" terror alerts ...

[leesa]

41. Those rascally bush boys...just born lucky, I guess!

Americans are fools to put up with these corrupt thugs. Not even a whimper about this freak opening his door to strangers and having sex with them on the spot. Where are all the outraged fake christians?? What do we tell the children??

[Blue_Tires]

45. the stock market is SO rigged...

I don't know how anyone even trusts it