Credit Acceptance - CACC
Article Abstract:
Four top executives of Credit Acceptance Corp. have opted to relinquish their actionable holdings in the firm. They have filed to sell a total of 181,000 shares from $23 to $25 per share. Credit Acceptance is the biggest automobile finance company in the US. The executives include president and COO Richard Beckman, VP of Operations Robert Derwa and Corporate Secretary Allan Apple. The executives' intention to sell their holdings in the firm may be an indication of their views on the automobile finance industry in view of the Mercury Finance and Jayhawk fiascos.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1997
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Eisner's big Disney sale
Article Abstract:
Recent moves by Walt Disney Co executives suggest that corporate players are becoming increasingly cautious in insider selling. Disney Chmn Michael Eisner, who initially had 9.3 million shares in the company, has decided to exercise 7.3 million of his options. This has decreased Eisner's actionable stake by as much as 53.7%. Meanwhile, other Disney executives, namely, executive VP of Corporate Operations Sanford Litvack, Sr., CFO Richard Nanula, and director Lawrence Murphy have each filed their intent to sell large chunks of their own stocks.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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