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Those reorganizations, which the committee denounces in the strongest terms, allowed the truth about Enron to stay largely hidden for many months -- a period when top Enron officials sold large quantities of stock.
Mr. Willens, the corporate tax consultant, said executives liked the strategy because it allowed them to diversify their investments by taking large quantities of stock in a single company, converting the shares to cash and then buying other stocks, while delaying payment of taxes associated with the sale.
As Lehman liquidated its portfolio, he explains, it sold off large quantities of stock, pushing overall stock prices down.
This occurs when an investor's mutual fund manager is buying or selling large quantities of stock that drives the price artificially higher or lower.
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It has brief nudity, some drug use and the consumption of large quantities of blood.
That focus might seem odd, because liquidity is usually defined at the level of individual stocks, generally referring to the ability to trade large quantities of that stock quickly, at low cost, without moving its price.
But investors holding large quantities of Rosenfeld stock may want to unload.
BP has for years paid a large dividend while buying back large quantities of its stock.
Lauer's scheme: Buy large quantities of restricted stock in worthless shell companies, then buy a smaller amount of shares in the same companies at higher prices in the open market in order to show big gains.
However, video game sales in 1982 had slowed, and distributors who had ordered en masse in expectation of high turnover were left to simply return large quantities of unsold stock to Atari.
Walt Disney Co. Chairman and Chief Executive Robert Iger and Chief Financial Officer James Rasulo sold large quantities of company stock in mid-May, when shares of the Burbank entertainment giant were near an all-time high.
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