Political blogs skirmished over generals pushing alternative energy sources, all in the name of U.S. security. They failed to note financial inducements for any general's position. Take Wes Clark, a member of the Blue team. He sits on five corporate boards, including Juhl Wind, Inc., a wind farm company. This is from Juhl's recent prospectus:
In addition, on June 29, 2009, we granted General Clark options to purchase 500,000 shares of our common stock outside of our 2008 Incentive Compensation Plan at $2.00 per share, with 166,666 options immediately exercisable, 166,667 options vesting on June 29, 2010, and 166,667 options vesting on June 29, 2011.
Clark even helped Juhl raise money for a new equity fund. I sent this information to a blue chip Blue blogger. His comment:
People sure like to cash in in Washington.
Well stated.
