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To: Steven W.
While this could be directly related to the CBS scandal of Rathergate, I should point out that the Viacom execs may be gambling on the situation and simply taking profits. They may believe the storm will blow over eventually, yet dump the stocks now and buy back when they think people have forgotten the issue.

I only state this because we always monitor stock sales for our company. Our execs do the same thing for different reasons, being that our stock values are sometimes driven by the performance of the two larger competitors.

A dip in value means they sell, buy back and buy another private golf course or helicopter with the profit they generate.

29 posted on 09/19/2004 10:25:50 AM PDT by Caipirabob (Democrats.. Socialists..Commies..Traitors...Who can tell the difference?)
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To: Caipirabob
Our execs do the same thing for different reasons

I concur and that's why insider selling is not typically a reliable guage to measure what's going on in a company. Normal executives, like everybody else, want to add onto their houses or make some splendid purchase of one type or another; what's funny about this case, however, is that Redstone is not like your average exec. that sells his stock for such irregular purchases & he's not any ordinary executive. Usually, under such circumstances, the CEO is advised to not execute any pre-planned or already provided for options selling in this kind of an environment (lest they the market or other investors). He didn't have to do this & has plenty of other cash on hand if he needed it to do something. Plus it appears this was a 401K account, meaning he couldn't use the cash profits for such endeavors.

33 posted on 09/19/2004 10:29:55 AM PDT by Steven W.
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