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I'm having trouble with this report. Were Goldman execs really that afraid? I'm assuming these weren't junior execs that were out of the loop due to the shear size of the stock sales. Was there some ulterior motive (like knowingly lowering their cash position in order to qualify for bail-out funds)? I'm at a loss. Why would Goldman execs, guys that supposedly are "in the know" and masters of the universe, run for the exits at the lowest lows of theri own stock?
Goldman Sachs executives sell $700 million in stock: report
http://finance.yahoo.com/news/Goldma...5&asset=&ccode=
Goldman executives sold stock worth $691 million between September 2008 and April 2009, more than the $438 million in stock sold between September 2007 and April 2008, when the average share price was substantially higher, the Financial Times said.
The stock sales peaked between December and February, when Goldman Sachs' shares traded near record lows, the newspaper said.
Goldman Sachs executives sell $700 million in stock: report
http://finance.yahoo.com/news/Goldma...5&asset=&ccode=
Goldman executives sold stock worth $691 million between September 2008 and April 2009, more than the $438 million in stock sold between September 2007 and April 2008, when the average share price was substantially higher, the Financial Times said.
The stock sales peaked between December and February, when Goldman Sachs' shares traded near record lows, the newspaper said.