Ken Houghton gives a little perspective to the hurt that is being passed around.
The pity party thrown last week by the WSJ for Bear’s senior, er, management appears to have omitted some data:
Insiders at Bear sold a total of 715,000 shares last year worth more than $75 million, up from 2006 but down considerably from 2004, when sales of more than 1.5 million shares worth $147.9 million took place, the data show.
Since 2000, Cayne has sold 2.37 million shares worth about $182.7 million, while Schwartz has sold more than one million shares for roughly $67.2 million.
That is tough living even if they made nothing this year.