[Covenantor]

Hmmm? Could this be construed as insider trading? Dumping his stock because he was aware of the forgeries and the consequences to stock value upon public disclosure.

Beat the rush and dump now

[eno_]

I question the timing.

[MrNatural]

..Could this be construed as insider trading?..

He can do it and be legal as long as he was acting on publically-available information. Only if he was acting on information known to company insiders but not to the public has he done any wrong.

[Robert A Cook PE]

Viacom (CBS parent company) has lost about 2.0 billion dollars since Monday, Sept 13. These are the days AFTER Dan Rather covered up his forgeries on Monday, followed by even more MSM revelations against the forgeries on Tuesday, Wednesday, and Thursday.

All the while, Dan Rather, CBS executives, and CBS News highest executives (who should be checked for stock sales as well!) were stonewalling and claiming impartiality and preventing internal investigations. It is specifically the CBS executives who were preventing internal investigations, presenting and encouraging the false statements that the memo's were genuine, and "propping up" Dan Rather at the expense of its own stockholders. If they were doing this while selling their stock, then they must be sent to prison.

---

BUT (Big BUT follows!) the previous week (which crosses this sale and possibly others) CBS stock was up and down: the right time to move money to quickly (if you pick the right afternoon or morning to sell, and the right morning or afternoon or (after-the-stock-market-closes-time) to announce an "announcement") by many different amounts.

If insider trading occurred - and again, it obvious that if the CEO of CBS NEWS is selling millions of dollars of stock while his company is right in the middle of the biggest news scandal and forgery in history, in the middle of the tightest presidential election history, then insider trading IS occurring! - then these CBS executives MUST be prosecuted.

--- It is interesting to note that an average hurricane causes some 1.5-2.0 billion in damage.

In just a week, Dan Rather's hatred of George Bush, and George Bush's family, has cost American stockholders, American retirees, and American businesses the same damage that a hurricane yields.

Perhaps even more - Significant drops in Viacom stock influence the indexes and averages in all stocks - thus affecting hundreds of millions of other investment yields, insurance yields, and retirement accounts.

Following that logic, it could be said that ANYBODY who sold stock since the story broke has been cheated by Dan Rather, and the executives covering up for him and stonewalling at CBS.