Erskine pondering more than Governor’s race
Given the positive poll numbers for former UNC President Erskine Bowles it’s not surprising that he is mulling a run for the Governor’s office. It looks like he would be a formidable candidate against former Charlotte Mayor Pat McCrory.
Besides the polling numbers, it helps that Bowles is a wealthy guy with wealthy friends. He can raise money fast and he can also use his own money in the campaign. And that money will increase impressively over the next few days. That’s because Bowles joined the board of Facebook last year, and Facebook, in case you hadn’t heard, is going public.
According to initial public offering documents filed today, Bowles holds 20,000 units in restricted stock. Analysts estimate a per share price for Facebook of $45 and up. That would make his stock worth around $1 million, which is not bad for a part time job.
Bowles can’t cash in immediately. His shares are restricted and will not vest until 2013. But maybe banking another $1 million will make him more willing to throw around his money in a feisty political campaign this year. Either way, Bowles is certainly thinking about more than Jones Street tonight.