Re: It's hard to believe that people think as you do.

Democrats , altruisitic ,that is the biggest pile of dog deww on the planet! Altruistic Demoncrats, like Ted turner and his ho Jane Fund us! Or how about the AL the whore Gore, This guy will do anything to get over on the American public and his friends ! This is what I mean by an upper class that is self serving amoral unethical and greedy to the core! Three very dispicable altruistc thieves!
And no Libertarians just want a level playing field unlike the altruasstic demons who want to tilt everything in there direction!
You are in outer space on this point Rokybird way out in loonyleftland!



Gore to Rake in IPO Millions

Former Vice President and global warming crusader Al Gore stands to make close to $50 million when the TV channel he co-founded goes public with an Initial Public Offering.

Current TV, which debuted in August 2005, has been billed as “television for the Internet generation" of tech-savvy 18-to-34-year-olds, and allows viewers to contribute much of its content.

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But it currently is available in only about 19 million U.S. homes, and has lost $31.5 million over the last three years, Ron Grover discloses in BusinessWeek.

Current Media, Current TV’s parent company, hopes to raise $100 million in a public offering it filed on Jan. 28. Some of the money raised will go to lenders, who include a few major Democratic Party fundraisers.

“Something about this deal just doesn’t sit right with me,” Grover observes.

He notes that Gore and co-founder Joel Hyatt not only will take “piles of cash,” but they also collect “hefty salaries for a company that hasn’t shown a profit in three years — taking down $491,677 apiece last year in cash.”

Gore and Hyatt also collected $550,000 bonuses for, in Gore’s case, helping get the company new affiliate agreements and putting together a management team. The two currently receive $600,000 a year in salary and can collect additional bonuses.

“What really sticks out to me,” Grover writes, is that Gore and Hyatt, “who jumpstarted the company with a broken-down Newsworld International channel they bought for $70.9 million, will have the kind of hammer-lock control over the company decried by shareholder rights activists and many of the same unions that supported Gore for years.”

Gore and Hyatt will control all of the company’s B shares, which give them 10 votes for every vote of a common shareholder with a Class A share, according to the filing.

The company hasn’t yet set a price per share for its IPO, but Grover cites one estimate of between $13 and $15 per share, making Gore’s 3.7 million shares worth more than $48 million.

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