Zitat

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Report: Gore's $70M Take from Current TV Designed to Avoid Obama Tax Hikes

Thursday, 03 Jan 2013 10:53 PM

Al Gore, who shared the 2007 Nobel Peace Prize for his fight against global warming, may gross about $70 million from the sale of his Current TV network to Al Jazeera, the cable channel funded in part by oil-rich Qatar.

Al Jazeera will pay about $500 million for Current TV, including the stake held by Gore, 64, according to two people with knowledge of the deal. The network is one of dozens of investments made by the former vice president since he lost the 2000 presidential race by a slim margin, Bloomberg reported.

“It’s reeking with irony,” said Jeff Sonnenfeld, senior associate dean at the Yale School of Management, who studies corporate governance. “It seems to be at least a paradox in terms of his positions on sustainability and geopolitics.”

The deal highlights Gore’s makeover from career politician to successful businessman. His take from the Current TV sale is is many times the maximum net worth of $1.7 million he reported while running for president in 1999. Besides investing in startups, Gore is on the board of Apple Inc. (AAPL), an adviser to Google Inc., according to his website biography, and a partner at Kleiner Perkins Caufield & Byers.

Late Thursday, Fox News and other media reported that the sale seemed to have been rushed to avoid the anticipated fiscal cliff tax increases...

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Reeks of irony indeed. A major whiff of cynicism and the stench of hypocrisy too.

Algore's hypocrisy is compounded by another factor that is contained in the story you linked, JE.

Al Jazeera is closely held and gets some funding from the government of Qatar, a small country on the eastern side of the Arabian Peninsula that gets almost half of its gross domestic product from oil and gas, data compiled by Bloomberg show.


The money paying for Algore's TV station and his profit is being derived from (oh, the horror!) the production of petroleum.

We're all going to die and it will be Algore's fault.