CFOs have been selling more of their company stock this year,according to a report in the Wall Street Journal. It calculatesthat finance chiefs' sales through Aug. 21 totaled $895 million, upalmost 19% from the same period last year.

|

The CFOs are selling low-priced options that they were grantedduring the recession amid a rally in the stock market. StevenSordello, CFO at LinkedIn, has sold $35.6 million in stock thisyear, while Omnicom Group CFO Randal Weisenburger has realized$33.8 million from a combination of selling and surrendering stockback to the company.

|

See the full story.

|

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.