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Since Sept. 8, chairman and chief executive Robert Toll has unloaded more than 4.3 million shares and pocketed at least $82.5 million in pretax net proceeds, according to filings with the Securities and Exchange Commission. At least two other insiders - director Bruce Toll and president Zvi Barzilay - have also been selling: Bruce Toll sold 352,433 shares, netting proceeds of about $7.5 million, while Barzilay dumped 200,000 shares for net proceeds of about $3.5 million, the filings reported. In some but not all cases, the insiders sold shares they had acquired through stock options that were to expire...
...Robert Toll's sell-off that rattled analysts and investors the most, as many recall how Toll in 2005 sold off large blocks of shares in his company just as the homebuilding sector was peaking. Toll is viewed as a seasoned and savvy executive with an extraordinary knack for recognizing trends early...
...Robert Toll "has been an astute investor and has opportunistically sold stock" in the past, says Bob Curran, managing director at Fitch Ratings. "Many have suggested that they think the [homebuilding] stocks might be ahead of themselves." (See pictures of Americans in their homes...
...Robert Toll was not immediately available to comment, but a spokeswoman, Kira McCarron, says his stock sales are normally done for "diversification" reasons, to lower risk in his personal investment portfolio...
Midway through “Generosity,” Richard Powers’ stunning new novel, the charming businessman and geneticist Robert Kurton participates in a public debate with an unnamed novelist. The subject: genetic enhancement of human beings. The shy author begins, awkwardly reading from a prewritten speech. But his argument is complex, as Powers writes, “The writer’s thought is so dense that every clause tries to circle back for another try before plunging on.” Even the narration has trouble following the train of thought. Kurton takes stage, joking...