It seems like a lot of directors have been selling stock lately and cashing in.  I have a problem with the big dollars these guys/gals are reaping.   Though directors have liability by being on the boards of public companies, the fact is that they are typically meeting quarterly to discuss the company’s situation and provide guidance via the audit, compensation, and possible strategic advisory committees.  I am not suggesting that they shouldn’t be rewarded, but there are many employees who are much more valuable to their companies and they don’t get nearly as rewarded.

In early June, I already mentioned Solera Holdings’ director selling $115 million of stock and Leucadia National’s director and president reaping $51+ million.  In addition, directors at Fastenal, Intuit, and Celgene sold stock on June 4th or 5th and netted $8.5 million, $5.1 million and $3.7 million respectively.  That is a lot of cashola when the economy is sour and the employees are probably losing their jobs in some cases.

Check out other director sells at:

http://www.trackthepros.com/categories.php?category_id=662