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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.
A managing director selling mortgage-backed securities might see his or her bonus drop from $2.5 million in 2006 to $1 million.
Investors would certainly benefit from knowing whether it's an outside director selling shares or, for example, if the CEO is liquidating his position.
Detroit Institute director: Selling art tantamount to closing museum.
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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.
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.
"I realized I had to do all the other aspects: write the copy, be the art director, sell the advertising, be the circulation person," he said.
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.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com