#300: Ratting on your future

If you are lucky enough to be going on a summer vacation, keep this in mind. Your dear leaders might not be there when you get back, at least not in terms of ownership. It seems they are jumping ship.

According to data based on filings with the Securities and Exchange Commission company insiders sold far more shares this June than they bought. At least twenty two times more.

Who are insiders? Common sense tells us insiders tend to be the people at the top. The ones with options.

What are we to think of leaders who don’t believe in the future performance of their own companies? After all, these are supposedly the ones with the vision, the strategy and the plans to lead us through the night.

You know what I think? I think as little as possible. Because every time I start to think, I think of what rats do when they think a ship is sinking.


I’m James McIntosh at nonsenseatwork.com

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