Bear Stearns general counsel cashes in
Three months before the stock price of Bear Stearns plunged below $3, general counsel Michael Solender unloaded 2,087 stock options at $89 per share, writes The American Lawyer. The sale meant Solender pocketed $186,000 (£93,840) on 21 December, according to a form filed with the Securities & Exchange Commission (SEC).
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