Bob Iger Sells 81 Million in Disney Stock

[WaltD4Me]

Wow...After Avengers, Bob Iget sells off 81 million of his Disney stock, makes 26 million on the sale and he still owns 1.4 million shares. The article says Disney made a statement that he sold his shares as a part of "routine" financial planning for his family.

Article is here
http://www.bloomberg.com/news/2012-...-million-in-stock-near-record.html?cmpid=yhoo

 

[k5jm]

Sounds normal to me. He is going to retire in the next 5 years, so it is only logical to liquidate some shares and convert them into a more solid asset.

 

[ADP]

Considering Disney's stock just hit a 52 week high it's not a bad move at all.

 

[GAN]

Must be a good time to sell ...I was thinking a split may be coming soon