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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...
...spreadsheet used by Ralph D. Smith, the Los Angeles broker who handled the sale for Bush, included the phone number of HMC, as well as the name of Michael R. Eisenson, a top investment manager for the University at the time...
...first Williams had a wild swing that often, eerily, found the ball. Later, observed Red Sox star Carl Yastrzemski, "he studied hitting the way a broker studies the stock market." Williams treated the game as a science and a fine art, weighing his bats on a postal scale, massaging them with olive oil and resin. When he said, "Hitting is 50% above the shoulders," he was speaking of a sharp eye--to read the seams on a curve ball and then smack the cover off it--and a UNIVAC brain that held all relevant data on a rival pitcher...
...Phone records are also helping investigators pin down just how Stewart may have been tipped off to FDA plans before selling her shares Dec. 27. Sources say her assistant has signed an affidavit revealing that Bacanovic, who was also Stewart's broker, called Stewart's office between 10 a.m. and 11 a.m. on Dec. 27, shortly after Aliza's shares were dumped, and left a message that "ImClone is going to start trading downward." Stewart called Bacanovic's office at 1:30 p.m. Her stock was sold 10 minutes later, sources say. Stewart has denied that she engaged...