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Biotech / Medical : HBOC...Buy in here?

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To: John Carragher who wrote (293)10/22/1998 1:27:00 PM
From: Chuzzlewit  Read Replies (1) of 341
 
If this section of you post is true it smacks of malfeasance:

"Analysts believe another big reason HBO decided to sell out now is to give Mr. McCall liquidity and an exit strategy. Mr. McCall, who is 54 years old, has made no secret of his desire to retire before the age of 60 and has repeatedly told Wall Street that "men in my family don't live very long."

It seems to me that McCall was hired to run the company on behalf of the best interests of all of the shareholders. Had he wished to exit he could have resigned after a search for a suitable replacement.

TTFN,
CTC
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