Regardless, his investments are in a blind trust. He hasn’t known what specific companies he is invested in since placing them in the trust. All he knows is what the overall performance of his investments is. That’s it.
There is a lot of misinformation and half information being thrown around about how blind trusts work, but the premise is as simple as that.
Carney’s assets are in a blind trust. He has zero visibility into what investments he holds. All he knows is the overall performance of the total.
Edit: after researching it, Carney’s stock options were included in the blind trust. This confirms he does not know what happens with them.
Regardless, options [to purchase stock] aren’t worth anything until they vest and are exercised by purchasing them. Unvested stock options are a promise by the company to allow the individual to purchase the options at a set rate once they vest. That’s it. They hold no immediate value. Generally breaking ties with a company means that your unvested options and RSUs are forfeit.
No, someone who understands how blind trusts work would believe it. Brookfield and Carney have nothing to do with how blind trusts work and zero control over the investments in his. You’re free to be a crazy conspiracy theorist, but own it.
No - Carney knows exactly what his investments were when they entered the blind trust. He does not know what they are now.
I see what you’re getting at. We should figure out how to make someone asked to do that whole for their taxes owed as a result of selling. That would be a way to avoid potential conflicts arising