One director sold 40,000 shares, for example, and the biggest outside investor sold 392,330 shares.
In February, Franco Bernabe, the group's current managing director, sold the loss-making Il Giorno to Andrea Riffeser, a Bolognese publisher.
There is little to stop a director selling any of his firm's assets to anyone he chooses.
Mr. Karish, 32, works in New York for the Royal Bank of Canada; he is a director selling stocks to institutional clients.
Herbert A. Denton, a director, sold 10,000 shares at $14.90 on Sept. 4. Two weeks later, he began buying, paying an average of $5.13 each for 50,000 shares.
González, one of the few Mexicans at the plant, told me that the director sold her a new permanent-resident card, with the name Claudia Zamora, for five hundred dollars, and helped her fill out a new application.
Observer's Manhattan Transfers: Russell Simmons, hip-hop impressario, drops the price of his Liberty Street duplex again to $7.2 million; Frances Kazan — the widow of On the Waterfront director— sold the family's 95th Street townhouse for $4.6 million.
While Serco is being investigated by the Serious Fraud Office after overcharging on tagging, it emerges that its finance director sold £2.7m shares two months before the share price tanked on a profits warning.
The veteran director sold his sci-fi franchise to the conglomerate for a mammoth $4 billion in 2012 and, speaking to Charlie Rose on PBS last week, joked that he the deal was like selling off his kids to "the white slavers that take these things".
Voskou later found that this same director sold his shares shortly after that conversation.
