Challenge: CEO seeks an objective opinion about a heavy concentration of company stock

For Michael Harrington, VPA was an unemotional voice on a very emotional subject: selling his company stock. Michael had concentrated his savings in stock options for the large pharmaceutical company where he was CEO, and some of those options were coming due. Seeking advice on how to handle those options, Michael found a whole lot more. Together we created a three-year plan that called for using other options to limit his risk and building a portfolio with better diversification and stability. We also tackled issues related to the alternative minimum tax – which often accompanies large capital gains – and helped with income and estate tax planning, college planning for Michael’s children, and debt reconstruction for Michael's mother.