When the defense contractors have a bad year....
The Ceo has a REALLY good year.
This guy makes Dennis Kozlowski look like a bus stop grifter.
David H Brooks of DHB Industries, manufacturer of body armor dumped five million of his company's shares one year ago for $106 mil in a suspected insider trading deal. (remember how hard it was to get armor for our troops?) The stock plummeted immediately:
http://moneycentral.msn.com/investor/invsub/insider/Details.asp?Pval=2&Symbol=DHBHe sold the five million shares at over $20 per... Now they're worth $4.18 each so it sure was the smart time to sell. Who knew the body armor business could have a bad year during a war?
http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?repno=00048859David H Brooks Knew.
Thanx to his uncanny sense for the market and his undeserved multi-million dollar salary (plus yet more stock options), he was able to throw the coming out party of the century for his daughter Elizabeth:
Really, I mean the century! Read on: (Henley, Fity Cent. Petty)
http://www.nydailynews.com/news/col/story/369995p-314735c.html I only hope there was some cake left for the rest of us.