Word: broker
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Dates: during 2000-2009
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...ImClone general counsel John Landes initiated the sales binge on Dec. 6, when he instructed his broker to unload $2.5 million worth of company stock, according to sell orders drafted by Merrill Lynch. Five days later, Ronald Martell, vice president for marketing, had Merrill Lynch sell $2.1 million worth of his company stock. Four other executives--including two vice presidents--cashed in an undetermined number of their shares between Dec. 12 and Dec. 21, when the company imposed a blackout on employee stock trading...
...spokesman for Landes said he notified his broker a month before the Dec. 4 fda meeting that he planned to sell. But investigators question why he waited until Dec. 6 to execute the trade. Martell did not return calls for comment...
...spent 17 minutes on the phone with CEO Sam Waksal, records show. Waksal had just learned that the FDA would announce its negative decision on Erbitux in two days. Later that night Waksal drafted a note, marked "Urgent--Immediate Attention Required," to his Merrill Lynch broker, Peter Bacanovic, sources say. Stopped from trading by the firm's blackout, Waksal gave instructions to transfer $4.9 million in stock to the account of his younger daughter Aliza Waksal. At 8:30 the next morning, he called Aliza, phone records show. She called Bacanovic's aide at 9 a.m with orders to sell...
Stewart has explained that she had given her stockbroker advance instructions to dump ImClone if it fell below $60 a share. At first, the broker, Peter Bacanovic, 40, and his assistant, Douglas Faneuil, 26, backed Stewart's story, investigators say. But Faneuil is now telling his bosses at Merrill Lynch that Bacanovic pressured him to back up Stewart's account...
...says Rizal Ramli, a minister in the administration of Abdurrahman Wahid, Megawati's predecessor. Those characteristics explain much of Taufik's current behavior, friends say. "He knows the perils and dangers of being political and the President's spouse, and yet he has embraced his position as a power broker," says Jeffrey Winters, an American academic and author of numerous books on Indonesia who is also personally close to both the President and Taufik...