Stock Market
General Growth Properties CFO sparks stock collapse
General Growth Properties lost nearly 50% of its stock value and over $1 billion in market cap today. The reason? The Wall St. Journal confirmed the story that we were following ten days ago: that GGP’s CFO, Bernard Freibaum, was dumping $30 million worth of stock at the 52-week low. Well at least Bernard got to cash out at the old stock price while the rest of the sap shareholders have just had 50% of their money erased. The board should fire this guy.
[...] Bernard Freibaum, has been replaced as the company’s CFO. This news comes one day after the stock fell apart when the Wall St. Journal reported Freibaum had sold $30 million worth of shares at the 52 week [...]
what goes round comes it is a company without a heart and they are deserving of complete failure