Frederick Smith sold almost $13 million worth of stock

[retired]

FedEx chairman sold $13 million of stock -filings
http://www.reuters.com/newsArticle.jhtml?storyID=3259262
Mon August 11, 2003 08:13 PM ET
WASHINGTON, Aug 11 (Reuters) - FedEx Corp. FDX.N Chairman Frederick Smith sold almost $13 million worth of stock in the shipment company late last week, according to federal regulatory filings on Monday.

 

[feederdryver]

Maybe because FedEx is up to their ears in debt and he knows it. I smell the next Enron !!

 

[afups]

He sold less than one and one half percent of his holdings. He holds fifteen million shares. He also, at the same time, took advantage of exercising stock options for about 15-16 dollars a share. He's not bailing out yet...far from it.
Perhaps this stock option business means he bought a bunch at 16 dollars and sold them all for a lot more. Too complicated for me....

 

[upsdude]

One things for sure, he doesnt have to worry about finding the cash for that new super turbo million horse power saw at Sears! LOL!

 

[hitthebigone]

How much of his UPS stock did he sell?