From the article:
“About the same time of the contract award, Mr. Blum’s private investment firm reported to the Securities and Exchange Commission that it and related affiliates had purchased more than 10 million new shares in CBRE. The shares were purchased for the going price of $3.77; CBRE’s stock closed Monday at $5.14.”
Mr. Blum is Feinstein’s husband. So, if my math is correct, Blum’s investment firm bought 10 million shares at $3.77/sh ($37.7MM) and these same shares are now worth $5.14/sh ($51.4MM), or a tidy profit of some $13MM+. Sweet. Well, it pays to know people.
I still have visions of her “Al Haig” moment in late 1978 when San Francisco Mayor Moscone and Supervisor Milk got shot: The bodies weren’t even cold and she was holding a press conference announcing that she was in charge.
