It's a bit unreasonable to complain when senior managers of a company cash in big, on a sale of their companies.
We try to ensure that managers' interests are aligned with those of shareholders by providing them with restricted shares and/or options. That is a good thing. So it should not be a surprise that these same managers cash in, once a company is sold.
The sale of a company is the responsibility of the shareholders and of the Board of Directors, not of the managers of the company.
The investigations of the managers should go ahead, of course, but they should not be vilified just for cashing in their shares, on the sale of the company.
OAM
Related links:
Galvin subpoenas Gillette executives
Posts
