AES Chief Exercises Options
I bet he did.
"The president and chief executive of electric utility AES Corp. exercised options for 299,600 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Friday.
In a Form 4 filed with the SEC, Paul T. Hanrahan reported he exercised the shares Wednesday for $2.20 to $19.50 apiece and then sold them the same day for $22.03 to $22.31 apiece."
In an unrelated story:
[Chavez's plan for nationalization] appeared likely to affect Electricidad de Caracas, owned by Arlington, Virginia-based AES Corp., and C.A. Nacional Telefonos de Venezuela, known as CANTV, the country's largest publicly traded company.
"All of that which was privatized, let it be nationalized," Chavez said, referring to "all of those sectors in an area so important and strategic for all of us as is electricity."
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