When news of undisclosed stock options broke yesterday, Sen. George Allen (R-VA) told the AP, "I got paid in stock options which were worthless."Oops. What else could go wrong for the long-suffering Virginian?!
However, according to SEC documents reviewed by Bloomberg, the stock options Allen "described as worthless were worth as much as $1.1 million at one point."
Meanwhile, the Richmond Times-Dispatch reports the national Democratic party is placing nearly $1 million in television advertising for challenger Jim Webb (D), opening with a commercial spotlighting Allen's "macaca moment."D'oh!
(Crossposted at AlterNet PEEK.)
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