George Allen is really one rich and out of touch Republican. How else could one explain his determination that stock options worth $1.1. million are worthless? I bet a lot of his constituents in Virginia would think of that as A LOT OF MONEY.
But, not George Allen. He said those options, which he failed to report as required by Senate rules, were worthless. Now we know the rule story. Does this man every tell the truth about his past?
From Bloomberg:
Stock options that Senator George Allen described as worthless were worth as much as $1.1 million at one point, according to a review of Senate disclosure forms and U.S. Securities and Exchange Commission filings.George Allen is worthless.
The records appear to contradict remarks he made to the Associated Press. ``I got paid in stock options which were worthless,'' AP quoted him as saying.
Allen served as a board member of Chantilly, Virginia-based Xybernaut Corp. from 1998 until December 2000 and was awarded options on 110,000 shares during that period. His Senate financial disclosure form for 1999, required for candidates as well as officeholders, doesn't report that he owned the options.
Check out Jim Webb for Senate. He's going to win.
