Execs unload shares to meet margin calls

10/30/2008 | WSJ Online

Corporate executives are being forced to sell piles of their own company stock at enormous losses to meet margin calls. Chesapeake Energy CEO Aubrey McClendon had to sell $569 million in stock as a result of margin calls. Execs at Tesoro, General Growth Properties and Boston Scientific also had to unload stock. In all, U.S. executives have had to sell 97 million shares of stock due to margin calls, valued at about $1.33 billion, according to Insiderscore.com.

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