Sunday, May 19, 2024 May 19, 2024
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RE: MARK CUBAN AND BELO

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A Belo-employed FBvian writes:

Another explanation for Belo’s stock gains, unfortunately, is the massive buyouts from September. (Correction: “Voluntary severances.”) The chart on the link you posted shows that the recent gains began shortly thereafter the buyouts were completed. Good stuff if you’re a Belo executive with the last name Decherd or Moroney. That’s gotta be worth a few thousand Gs in bonus money.

Sheesh. Not nearly as fun as my theory.

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