Idiot Inc.

Business news for bears and cynics

about | subscribe | twitter | contact     
idiot inc. executives planning dumb business moves

Latest bad news

  • GM to begin dropping dealerships today?
  • Millennium Transit’s logo is shit
  • Seagate continues layoffs — 1,100 to go this round
  • VeriFone’s logo is exciting
  • Pacific Ethanol teeters on the brink

Idiot Index view full list  >>

Boeing Chrysler Circuit City Citigroup Daniel Laikin Ford Gannett General Growth Properties GlaxoSmithKline GM Google Lehman Brothers Microsoft Morgan Stanley National Lampoon New York Times Pilgrim's Pride Starbucks Wachovia WaMu Yahoo!

Categories

  • Bankruptcies
  • Brainy Ideas
  • Busted
  • Company Memos
  • Downfalls
  • Idiot Links
  • Layoffs
  • Logos that suck
  • Look at Me!
  • Power Struggles
  • Stock Market
  • Videos
  • Whoops!

Subscribe

  • RSS Feed
  • Twitter

Links

  • Cluster Stock
  • Dealbreaker
  • Drudge Report
  • Finviz
  • Firefox
  • INO
  • Internet Proxy
  • Letter of Apology
  • My Finance Times
  • Snakes of Hawaii
  • Slashdot
  • TechDirt
  • Wall Street Fighter

Stock Market

Raymond Wirta loves selling CBRE’s stock!

October 9, 2008

CB Richard Ellis GroupRay Wirta is a member of the board of directors for the CB Richard Ellis Group, a real estate company. He’s also a nicely-liquid millionaire thanks to his fire-sale of “da Group’s” stock. Since August 5th he’s sold over 3.3 million shares at a street value of over $26 million.

His last stock dump two days ago was far and away his largest — 1.3 million shares for nearly $11 million dollars. The scary part? He unloaded these shares at just $1.00 above the 52 week low. This one is probably going lower…

Finviz has the paper trail.

0
Posted in Stock Market by Jacopo Kane
Say something mean >

Starring: CB Richard Ellis Group, Raymond Wirta
Related stories:
  • Chesapeake CEO unloads half a billion in stock
  • Jeffrey Gendell unloads $156 million worth of railroad stock
  • Starr International sells out at the bottom of AIG
  • Richard Perry sells $67 mil. worth of Sears stock in 4 days
  • Staples CEO dumps $25 mil. worth of stock
  • Macerich Co. CEO unloads $54 million worth of stock in the last month
  • Cashing out: Gap founding family dumps $115 mil. worth of stock
•

Leave a comment

Basic HTML allowed

“This is an act of mercy....truly” - Francis Urquhart
© Copyrights are for the paranoid    |    About    |    RSS    |    Contact    |    Sitemap
Adventures