"Tesco exec sold shares ahead of profit warning"

[BOR]

It was a bit of a dumb thing to do, but I wouldn't class it as mallicious insider trading, not for selling a poxy 5% of his total holdings.

No, if he really did fancy a bit of insider, he would have got his brother in law's cousin's granny to place the trade for him just like everyone else does.

[Ozzie Osmond]

HundredthIdiot said:

Sounds like the "special projects" kiss of death to me.

Yes indeed!

For those unfamiliar with the expression, it generally means his first "special project" will be to find himself a new job outside the company...

[sleep envy]

arfur sleep said:

12-18 months and he'll be gone.

the evil empire work far quicker than that

if they really wanted him gone he would have lost his employee discount card well before easter

[oyster]

Wills2 said:

I think it's difficult, but I would have said that common sense would have said wait for the bad news (that they knew was coming even if the specific detail wasn't known by the exec involved) and then sell the shares.

Surely they knew the negative reaction such a move would provoke.

And suppose he had chosen to do this and the shares had risen after the announcement. Would the same accusers now be still hounding him for insider trading?

And sometimes shares do rise on poor results/warnings.

[Halb]

oyster said:

And suppose he had chosen to do this and the shares had risen after the announcement. Would the same accusers now be still hounding him for insider trading?

And sometimes shares do rise on poor results/warnings.

But that would be more like luck wouldn't it, if the forecast was bad.

Seems he was a bit silly and he paid the price.