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by abalone 3792 days ago
Right, that's what I was getting at with the capital gains treatment. I also am not sure off the top of my head, but at the very least any gain from here on out is going to taxed at the capital gains rate (20%), assuming he waits a year or two.

I just feel there's more to it than some tax savings given the massive amount of capital it requires ($50M!), which could be more productively invested. I'm guessing those options are expiring and/or it's a PR boost.