From Canada’s Globe and Mail | Potash Corp. of Saskatchewan CEO Bill Doyle, of Winnetka, exercised 124,100 stock options this week, worth about $1.26 million less than two months after predicting the company’s stock price would “blow the doors off” its previous record high of about $240.
The options issued to Doyle a decade ago, had an exercise price of $10.16 and were set to expire Sunday. Earlier this year, Doyle exercised a batch of nearly 200,000 options from that same grant for pretax profits of $17.5 million.
BHP Billiton last week withdrew its $38.6 billion hostile takeover bid for Potash, saying it could not convince Canada’s federal government to approve the deal.Get the full story>>
