Current Media, founded by former Vice President Al Gore,filed for initial public offering (IPO) this week with the Securities andExchange Commission, resulting in the disclosure of Gore’s stake in the companyas well as his compensation.
After reviewing the filing, compensation consultants DolmatConnell & Partnersestimated Gore’s equity holdings to be in the range of $45 to $90 million – assumingthat between 20 and 40 percent of the company is being sold in the $100 millionoffering – following the IPO.
Currently, Gore holds about 17.8 percent of Current Media’soutstanding shares. Compared to that of most founders of companies that havegone public as of late, his stake is substantial, according to DolmatConnell. Typically, CEO-founders – Gore is actually executive chairman – hold about 8 to 10 percent of the sharesin the company they founded, according to DolmatConnell.