1. QUOTE from:
    Credit C.E.O. Comp Under Fire, V
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    Waxman asks John Finnegan, chairman of Merrill Lynch's compensation committee, "would this kind of transaction raise a red flag ... the ability to sell $150 million worth of stock.? " Finnegan: "I have no reason to believe our board would think it inconsistent to sell stock while the company was doing a stock buyback" adding that it would be a question of perception. Full Article at Conde Nast Portfolio
    I have no reason to believe our board would think it inconsistent to sell stock while the company was doing a stock buyback
    SOURCE: Conde Nast Portfolio 20 months ago
All quotes from:
Credit C.E.O. Comp Under Fire, V
  1. Appearance is not good if you are telling investors to buy stock at same time you are selling your own stock
    SOURCE: Conde Nast Portfolio 20 months ago
  2. I'd like to frame it the way it was. I started in 2004 -- I could have sold all the shares all at once. They were options I had held for more than 10 years and were expiring. There is absolutely no relationship between the buyback of stock and my sales.
    SOURCE: Conde Nast Portfolio 20 months ago
  3. Countrywide stock fell 90 percent since then... You were selling shares and borrowing money to buy stock back and keep the price up ... How did this help shareholders?
    SOURCE: Conde Nast Portfolio 20 months ago
  4. You came to a common number, and agreed on it.
    SOURCE: Conde Nast Portfolio 20 months ago
  5. With Enron, the executives were selling the stock, and they had knowledge that no one else had.
    SOURCE: Conde Nast Portfolio 20 months ago
  6. The buyback of stock went on for more than a year. The question was what to do with our capital. We came to a point where the company was exceedingly profitable and the buyback was designed to increase the return equity for our shareholders. Tthe purpose was to benefit the shareholders.
    SOURCE: Conde Nast Portfolio 20 months ago

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