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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (77757)	6/8/2010 11:28:33 AM
From: stockman_scott	Respond to of 149317

BP chief Tony Hayward sold shares weeks before oil spill telegraph.co.uk <<...Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster...>> _____________________________ Goldman Sachs sold $250 million of BP stock Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP. According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter. rawstory.com moneycentral.msn.com _________________________ Goldman Sachs Group to prepare BP defence According to a report in City AM, Goldman Sachs, which is a regular adviser to BP, is thought to be compiling a strategy to fend off a potential bid as takeover speculation in the market built up when BP’s shares plummeted. A source close to the situation said that Goldman Sachs would be the first adviser called in to head up the takeover defence because of the deep-rooted past the two share. dofonline.co.uk