Clear Channel Gig Lucrative For Watts
Four years ago, in February 2003, immediately after leaving Congress, former Congressman J. C. Watts embarked on his career as a Washington-based power broker, forming his own companies and joining the boards of directors of numerous companies. Among the boards of directors he joined was that of San Antonio-based media giant Clear Channel Communications, Inc.
The four years on Clear Channel's board of directors have been good to Watts, a new notice of a shareholders' meeting reveals.
The document lists Watts as the owner of 5,700 "aggregate shares of company restricted stock," the value of which is placed at $214,320.
In addition, Watts is listed under "amount and nature of beneficial ownership" with 19,657 shares of common stock, with 12,532 of those shares "subject to options held by Mr. Watts." While no value is placed on the Watts stock in the company document, the per-share price is established elsewhere in the document at $37.60.
The four years on Clear Channel's board of directors have been good to Watts, a new notice of a shareholders' meeting reveals.
The document lists Watts as the owner of 5,700 "aggregate shares of company restricted stock," the value of which is placed at $214,320.
In addition, Watts is listed under "amount and nature of beneficial ownership" with 19,657 shares of common stock, with 12,532 of those shares "subject to options held by Mr. Watts." While no value is placed on the Watts stock in the company document, the per-share price is established elsewhere in the document at $37.60.
Labels: Clear Channel Communications, J. C. Watts
posted by Mike McCarville @ 12:10 AM
<< Home