Stories tagged with stelmach
The Round-Up: December 6th 2006
Posted by Stoneleigh on December 6, 2006 - 12:08pm in The Oil Drum: Canada
Topic: Site news
Tags: debt, deep integration, housing market crash, oil sands, pipelines, recession, stelmach [list all tags]
Executives cash in
When reading this quote, remember what happened to the markets in 1987. Executives are voting with their feet.
Top executives sold $63.18 worth of stock in their companies for every $1 they bought in November -- the widest margin since 1987. Analysts said the numbers suggested that corporate chieftains -- including Microsoft's Bill Gates and Google's Eric Schmidt -- didn't share the investor confidence that has pushed markets to new heights. "They're pretty savvy market guys," said Wayne Wilbanks, chief investment officer of Wilbanks, Smith & Thomas Asset Management. "They see things are slowing down and they're like, 'Man, I'm taking some money off the table.'"
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