Anonymous scribe Fake-Rob at the Fake-Rob Williams blog reports that the Chairman/CEO of Vermont Yankee parent company, Entergy, just dumped up to 40% of his stock in his own company... and if he thinks it's time to sell-sell-sell, watch out. From Fake-Rob:
"The rat is fleeing a sinking ship" can't even begin to describe the epithets being hurled today at poor J. Wayne--"poor," of course, being a relative term considering that in October of 2008 Fortune Magazine estimated his five-year income at $45.84 million. And now, just imagine the windfall on the stock sale! Whew! (It's about $17 million, if you do the math.)
Chairman and CEO J Wayne Leonard sold 227,954 shares of ETR stock on 08/10/2010 at the average price of 79.11. J Wayne Leonard owns at least 360,683 shares after this. The price of the stock has decreased by 8.49% since. Other insiders have also decreased their positions in the company.
