Report: AOL insiders sold $1.5B in stock
The Washington Post, quoting Thomson Financial’s examination of insider sales records, reports that outgoing company Chairman Steve Case leads the list with $697.4 million in stock sales during the period. Robert Pittman, who resigned as chief operating officer of the combined company, is second on the list with $267 million in stock sales, while director James Barksdale, who received AOL stock for selling Netscape to AOL, sold $219.5 million, the paper reported.