Pet Food recall -- developing story
An interesting sense of timing on the part of Menu Foods president.
From
The Consumerist:
Menu Foods Exec Sold Half His Shares 3 Weeks Before Recall
The CFO of Menu Foods, Mark Wiens, sold about half of his shares in the company three weeks before the poisoned pet food recall was announced, Canadian insider trading reports show.
In Canada's Globe and Mail, Wiens called it a "horrible coincidence."
Here's another horrible coincidence: Menu Foods also waited three weeks after discovering the kitty and doggy deaths before announcing the recall.
Wow, so that means Wiens sold his stocks at the same time the contamination was discovered, but before anyone else knew about it.
Tar and Feathers -- some assembly required.
Posted by DaveH at April 11, 2007 6:23 PM