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Stock Market

James Coulter can’t sell out of J. Crew fast enough

September 22, 2008

J. CrewJames Coulter, a self-made billionaire and director for clothing retailer J. Crew, has just dumped 2 million shares of stock in ‘da crew.’ Today, he completed the sale of 2 million shares of the company at an average cost of 33.45 — netting a cool $66,900,000.

This might sound like a nice take, but it’s dwarfed by his previous purge last March of 3 million shares at $42.50 a pop. For those of you without calculators, that one comes to $127,500,000 for a grand total of $194,000,000. Score it!

Finviz has the proof.

0
Posted in Stock Market by Jacopo Kane
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Starring: J. Crew, James Coulter
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•

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