Comments on: Sumner Redstone, Martha Stewart and Dan Rather II: Redstone should not have sold the $12 million in Viacom stock on September 14 http://www.dinocrat.com/archives/2004/09/26/sumner-redstone-martha-stewart-and-dan-rather-ii-redstone-should-not-have-sold-the-12-million-in-viacom-stock-on-september-14/ Tue, 06 Jan 2009 12:43:42 +0000 http://wordpress.org/?v=2.6.3 By: Alene http://www.dinocrat.com/archives/2004/09/26/sumner-redstone-martha-stewart-and-dan-rather-ii-redstone-should-not-have-sold-the-12-million-in-viacom-stock-on-september-14/#comment-219 Alene Mon, 27 Sep 2004 22:21:08 +0000 http://www.dinocrat.com/archives/2004/09/26/sumner-redstone-martha-stewart-and-dan-rather-ii-redstone-should-not-have-sold-the-12-million-in-viacom-stock-on-september-14/#comment-219 This would be an all-but-impossible insider trading case, simply because there was so much information available (hah) to the public. The only 'hook' is to insider info about ratings, but that isn't necessary, in this situation, to lead a reasonable man to sell. Also, I suspect that CBS represents a tiny part of Viacom's profits, and the stock has been trending down/erratic for a while. That Redstone could profit where others can't indicts options, not him This would be an all-but-impossible insider trading case, simply because there was so much information available (hah) to the public. The only ‘hook’ is to insider info about ratings, but that isn’t necessary, in this situation, to lead a reasonable man to sell. Also, I suspect that CBS represents a tiny part of Viacom’s profits, and the stock has been trending down/erratic for a while.

That Redstone could profit where others can’t indicts options, not him

]]>