Goldman Banker in Insider Case Had Cash in Sunglasses Case (1) (Bloomberg)
The Goldman Sachs banker, on trial for insider trading, had a secret in his closet: $24,000 tucked into a sunglasses case. The stash, prosecutors said Tuesday, shows there’s a risk he might flee before his trial on insider-trading charges. Vice President Bryan Cohen had $24,000 in the case, hidden in a dresser drawer in his closet, prosecutors in Manhattan said Tuesday in a letter to a judge. The French citizen also has an overseas bank account with more than $533,000 and owns four properties in France worth over $500,000, prosecutors said, citing Cohen’s tax returns.
Duke Realty Corp (DRE) President and CEO James B. Connor Sold $1 million of Shares (Guru Focus)
President and CEO of Duke Realty Corp., James B. Connor, sold 28,600 shares of DRE on 11/18/2019 at an average price of $35.08 a share. The total sale was $1 million. Duke Realty Corp is a self-administered and self-managed REIT. The company is engaged in the ownership, management and development of industrial and medical office real estate. It also provides real estate services to third-party owners.
Intel Director Jim Goetz Buys Up the Chip Giant’s Stock (Barron’s)
Intel’s newest director just made a splash by buying a huge amount of the chip giant’s stock two days after he joined the company’s board. Intel (ticker: INTC) named James “Jim” J. Goetz a director effective Nov. 13. Two days later, Goetz, a partner at venture-capital firm Sequoia Capital, paid $5 million for 86,220 Intel shares, an average price of $58.13 each. Those now represent his entire Intel stock holdings, according to a form Goetz filed with the Securities and Exchange Commission. Goetz will also be granted restricted stock units…
Nicolet Bankshares Inc (NCBS) Chairman, President & CEO Robert Bruce Atwell Sold $1.3 million of Shares (Guru Focus)
Chairman, President & CEO of Nicolet Bankshares Inc., Robert Bruce Atwell, sold 18,105 shares of NCBS on 11/18/2019 at an average price of $70.5 a share. The total sale was $1.3 million. Nicolet Bankshares Inc is a bank holding company. The bank offers various commercial banking services in Northeastern Wisconsin and the Upper Peninsula of Michigan. Nicolet Bankshares Inc has a market cap of $749.920 million; its shares were traded at around $70.97 with a P/E ratio of 13.01 and P/S ratio of 4.24.
The CFO of Rubicon Project (NYSE: RUBI) is Selling Shares (Analyst Ratings)
Yesterday, the CFO of Rubicon Project (RUBI), David Day, sold shares of RUBI for $58.37K. In addition to David Day, 5 other RUBI executives reported Sell trades in the last month. Following David Day’s last RUBI Sell transaction on May 17, 2019, the stock climbed by 1.5%.
The Infosys whistleblower Saga: What We Must Learn from It (CNBCTV18.com)
The recent spate of whistleblower complaints has raised concerns regarding the effectiveness of the whistleblower mechanism adopted by listed entities while handling such complaints as well as the genuineness of such complaints. In November 2018, Sebi had received an anonymous complaint alleging irregularities by Sun Pharmaceuticals Industries Limited, following which the securities market regulator has ordered a forensic audit of the financial statements of the company. Recently, on October 22, Infosys Limited informed the stock exchanges regarding certain anonymous complaints which reported “unethical practices” on part of its CEO and its CFO, in order to boost the company’s revenue and profits.
