Hedging Strategies For Concentrated Equity Positions
April 1, 2004Entrepreneurs, heir, senior corporate executives and other high-net-worth investors often own large and risky positions in a single company’s stock. What can they do about it? These concentrated equity positions, as investment professionals call them, often are made more difficult to manage because the investor has a low cost basis in the stock. An outright sale of low-basis stock will trigger substantial capital gains taxes. This may not be a …
An Unheralded Disease Receives Healthy Attention Overseas
April 1, 2004Imagine reading in your morning newspaper that less than 5 percent of children born with sickle cell disease in the United States live past the age of five. Wouldn’t you want to help more children live longer? Although not a reality in North America, where screening and treatment of sickle cell disease is readily available, this is the disturbing statistic for African children who suffer from the disease, an inherited …
Fighting To Protect The Innocence of Children
April 1, 2004The thought is too much to bear. Children forced into lives of prostitution and pornography — taken from their families and homes to work in brothels in neighboring towns or trafficked to other countries for that purpose. This form of modern slavery occurs every day. Child prostitution, child pornography and trafficking of children for sex are big business. But until recently, the commercial sexual exploitation of children abroad or within …
A Return Look At Past President’s Taxes
April 1, 2004One of the dullest news stories of the year is reported every April. It goes something like this: “President Fumblehorn released his tax return today, showing that the President and Mrs. Fumblehorn made less than $1 million last year. The Fumblehorns paid more in taxes than you and I did, because even though they made less than $1 million, they made much more than most journalists, readers or viewers. They …
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