I like to read Bill Carlino's editorials - not because he's my boss, but because I like his style. He usually starts with an innocuous phrase, i.e. "When I was 12, I had a two-wheeler and delivered newspapers ..." or "I was sitting at a bar in Los Angeles when this blonde ... ." There follow some more non-sequiturs as Carlino contemplates pouncing on his victim like a tiger salivating as he studies his inert prey.In the May 1-May 14, 2006, issue of Accounting Today, editor-in-chief Carlino's regular column partnered with my commentary, "An open letter to the comptroller general of the U.S." With a rare combination of moxie and chutzpah, Carlino took on both the chairman and president/CEO of The New York Times, which has a Sunday circulation of over 1,600,000. Specifically, his critique was aimed at the scion of the Sulzberger dynasty, Arthur Ochs Sulzberger Jr., the great-grandson of the legendary Adolph Ochs. Carlino compared the increase in stock options granted to Sulzberger with the downward trend of the company's stock.
Speaking of stock options, the Babe Ruth of stock options is probably William W. McGuire, chairman and CEO of UnitedHealth Group. The Wall Street Journal on March 18, 2006, reported, "As of late February [2006, McGuire] had 13.87 million unexercised options left from the October 1999 tranche. His profit on those options, if he exercised them today, would be about $717 million."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access