The New York Times posted two documents that show that a large number of execs cashed out a good amount of their Goldman stock during the crisis.
Scroll to the bottom (circa pg. 17) of each to see how much stock each person sold:
The New York Times highlights some of the big sellers:
- Masanori Mochida, (head of Goldman in Japan), 3/08: 100,000 shares ($17.6 million)
- Jack Levy, (co-chairman of Goldman’s M&A), 3/19/08: 30,000 shares ($5.14 million)
- Jack Levy, 9/17/08: 50,974 shares ($6.1 million)
- Jack Levy, 9/19/08: 30,000 shares ($4 million)
- Milton Berlinski, 9/17/08: 100,000 shares ($10.3 million)
- Milton Berlinski, 9/18/08: 75,000 shares ($7.6 million)
- Richard Friedman (runs Goldman’s merchant banking), 9/17/08: 120,500 shares ($12.3 million)
- Richard Friedman, 9/18/08: 25,000 shares ($2.5 million)
- Richard Friedman, 9/19/08: 100,000 shares ($13.8 million)
Of course Goldman’s stock shriveled to around $49 per share in November 2008, so their strategy paid off.
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