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Accumulated Wealth OPTIONS PROFITS REALIZED IN F.Y. 1999 -- The gain that executives saw in the 1999 fiscal year by exercising options from previous years.
Accumulated Wealth OPTIONS PROFITS REALIZED IN F.Y. 2000 -- The gain that executives saw in the 1999 fiscal year by exercising options from previous years.
According to company filings, he made $49 million from exercising options in 1999 and $131.7 million from exercising options in 2000.
Of this gap, roughly 26percentt was attributable to exercising options.
That means highly compensated executives can be subject to substantially higher tax rates when exercising options.
Sure, he made $94 million in 2002, mostly by exercising options.
Company filings show those shares were restricted, unlike the shares Mr. Genovese received from exercising options.
Indeed, 98percentt of Mr. Ellison's 10-year total of $875.7 million came from exercising options.
He also realized $23 million from exercising options, the proxy shows.
At WorldCom, for example, half the company's free cash flow in 1999 -- $886 million -- came from workers exercising options.
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So there are taxes to be saved by exercising options as early as possible.
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