You Bought, They Sold

A recent Spin of the Day article says what many have suspected; the CEOs knew exactly how fragile the house of cards was, and while we were all madly investing in the stock market, they were quietly bailing out.

“Executives and directors of the 1,035 corporations that met our criteria took out, by our estimate, roughly $66 billion. Of that amount, a total haul of $23 billion went to 466 insiders at the 25 corporations where the executives cashed out the most.” – Investigative journalist Lowell Bergman.

posted at 10:53 am on Saturday, August 17, 2002 in General | Comments Off on You Bought, They Sold

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