agentundercover
Active Member
"...
BP CHIEF TONY HAYWARD SOLD SHARES WEEKS BEFORE OIL SPILL
The chief executive of BP sold £1.4 million of his shares in the fuel giant
weeks before the Gulf of Mexico oil spill caused its value to collapse.
Tony Hayward cashed in about a third of his holding in the company
one month before a well on the Deepwater Horizon rig burst,
causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year,
then paid off the mortgage on his family's mansion in Kent,
which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge
that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000
when BP's share price plunged after the oil spill began six weeks ago.
Since he disposed of 223,288 shares on March 17,
the company's share price has fallen by 30 per cent.
About £40 billion has been wiped off its total value.
The fall has caused pain not just for BP shareholders,
but also for millions of company pension funds and small investors
who have money held in tracker funds ...
..."
http://www.telegraph.co.uk/finance/...yward-sold-shares-weeks-before-oil-spill.html
insinuation being?
find out he had shorted them the week before, we have a story.