Wednesday, December 19, 2007

Talk about getting it wrong . . .

"Just days into his second turn as CEO of Sallie Mae, Albert L. Lord couldn't find the right words to soothe Wall Street. Lord, who assumed the chief executive's seat on Friday and said he plans to stay in the position for at least two years, called his recent sale of about 1.2 million shares of company stock to meet margin calls "embarrassing and troublesome to me personally" but not a reflection of diminished confidence in the company's long-term future." AP report

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