How Trump’s Win Instantly Made Goldman Insiders Millions of Dollars
- Awards set to expire on Thanksgiving were out-of-the-money
- Shares of Goldman Sachs have soared since Trump’s victory
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Donald Trump pulled off more than one Election Day miracle.
Just last week, it looked like more than 1 million stock options granted to Goldman Sachs Group Inc.’s top executives and directors would expire out of the money. The awards, granted with strike prices of $199.84 at the end of 2006, a solid year for bank stocks, were set to expire on Thanksgiving eve. But on Nov. 7, the night before Americans voted, they closed at $181.48, meaning it wouldn’t make sense for executives to exercise them.