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DENTSPLY International Inc. Message Board

  • nornamssorg nornamssorg Apr 6, 2011 12:11 PM Flag

    Stock buy back

    Is this just a coincidence, or was there method to their madness? The do-nothing board authorizes a buy back of additional shares of stock. This is one of the methods utilized to boost the share price. The top three executives exercise options right after the announcement is made: Bret Wise (CEO) exercises options at $18.49/share and sells at $37.01/share pocketing a cool $500,041 for himself; Chris Clark (COO) exercises options at $18.49/share and sells at $37.04/share pocketing $816,650; Bill Jellison (CFO) exercises options at $18.49/share and sells at $36.99/share pocketing $330,447.
    Nice work if you can get it . . . especially for executives that are cutting jobs and lowering their EPS projections.

 
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