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Massive Insider Selling

December 9th, 2006

What are they going to do with the cash? Do the rats have anywhere to hide their cheese?

Via: NY Post:

America’s corporate chiefs are unloading their own stocks at one of the boldest paces in 20 years.

In cases of the very rich, such as Microsoft’s Bill Gates and Google’s top brass, the executives are selling a whopping $63 for each $1 of stock they bought, says a report by Bloomberg.

In November alone, leaders of public companies dumped $8.4 billion worth of stock they owned as insiders, most of it awarded as compensation, bonuses or other management incentives.

LINK

posted by ... @ 5:06 PM