Insider selling at Standard & Poor’s 500 Index companies reached a record in the past week as executives took advantage of a two-year high in the stock-market to sell their shares.
NBC Universal Chief Executive Officer Jeffrey Zucker will step down once Comcast Corp. completes its takeover of the company as the new owners move to reshape management.
Corporate executives are taking advantage of near-record U.S. stock prices by selling shares in their companies at the fastest pace in two years.
Barry Diller , chairman and chief executive officer of IAC/InterActiveCorp, said recent acquisitions his company considered fell apart over valuations.
Marc Graboff, president of west coast business operations for NBC Entertainment, is leaving the company after 11 years, continuing the network’s leadership transition under new owner Comcast Corp.
Weinstein Co., the independent studio founded by Harvey and Bob Weinstein, is seeking to raise about $150 million to support film operations and retire debt, according to two people with knowledge of the effort.
More executives at Standard & Poor’s 500 Index companies are buying their stock than any time since the depths of the credit crisis after valuations plunged 25 percent below their five-decade average.
Oscar winner Jane Campion’s next project, a mystery thriller featuring “Mad Men” actress Elisabeth Moss and fellow Academy Award holder Holly Hunter, won’t be coming to a cinema near you.
"In general, insiders do not buy the rally anyway."
- Ben Silverman on Feb 20, 2013