Chairman tells his board he sold 150,000 shares of his stock to buy himself yacht
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If nothing else, maybe you've just got to appreciate this Australian Chairman's honesty?
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Marcus Blackmore, Chairman of Blackmores, a leading Australian vitamin and natural health company, told his board in a letter that he sold 150,000 shares of the company to "reduce his personal debt" and buy a yacht (h/t Bloomberg's Matt Levine).
The letter was dated March 13th, on March 12th Blackmores' stock looked like this...
Yahoo Finance
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