A company's customer base is primarily liberal progressives. What is the worst thing this company can do right now? That's right, the CEO of this company can go all wildwestfreemarkethealthcareisnotaright on us.
Now the CEO of a megamillion dollar company is not dumb, right? Surely John Mackey would know that this op-ed would stir some controversy. Assuming he is familiar with the stock market, he would probably foresee some drop in stock price depending on the backlash.
Hmmmmmm.
When insiders of a company trade their own shares, they have to report this trading to the SEC. I wonder if Mr. Mackey sold any of his shares before submitting the op-ed to the Washington Post?
This site shows he sold 50,000 shares at $27.851 on August 6, 2009 for $1.4 million.
I can't wait for the internet to come up with a screeching tire sound on demand.
So the op-ed is published on August 11. I am guessing he turned it in at least a day before for print. That means he had to have it done by August 10. Anyone buying that he sells all of these shares without any knowledge that he will be publishing an op-ed that will likely enrage the public 2 days later?
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