Jet Blue Insider Trading

[Bob737]

John Owen = Chief Financial Officer....check out his weekly trades...over the past year or so...

http://moneycentral.msn.com/investor/invsub/insider/trans.asp?view=All&Symbol=JBLU

 

[satpak77]

non issue

not terribly earth shattering, he is selling $100-200K at a time. Not uncommon for insiders who are trying to buy that home in the Hamptons or something.

If you saw CFO, CEO, and Chief Counsel dumping huge amounts of shares, THAT is a problem

later

 

[FracCapt]

not terribly earth shattering, he is selling $100-200K at a time. Not uncommon for insiders who are trying to buy that home in the Hamptons or something.

Over $7.1million and 200k+ shares in the past year does not look great by any means. I wouldn't jump to the conclusion that JB is about to go out of business as some people might - but I might be inclined to think that he is trying to cash out and leave. Not too uncommon for those that jump from company to company in key positions. Get in, do your job, make lots of cash, get out, and move to the next company. I don't know this guys history, but I'd be willing to bet he averages a new company every 3 years or so.

 

[jetblue320]

Over $7.1million and 200k+ shares in the past year does not look great by any means. I wouldn't jump to the conclusion that JB is about to go out of business as some people might - but I might be inclined to think that he is trying to cash out and leave. Not too uncommon for those that jump from company to company in key positions. Get in, do your job, make lots of cash, get out, and move to the next company. I don't know this guys history, but I'd be willing to bet he averages a new company every 3 years or so.

John Owen came to JB in the very early New Air days directly from Southwest, where he was for 17 years. He was at AA before that. He is a very, very smart man who was repsonsible for the creative purchasing/financing of all of SWA's aircraft and he does the same thing here at JB. So, I guess 17 years at SWA and 5 years at JB (so far) means you lose your bet.

He has been selling some of his options/stock every week for a long time. Same as a lot of the other management types with mega options. It doesn't mean a thing other than they want to enjoy their money and lives. What would you do, sit on 100,000+ options that you got for .49 when even at the current value of $23 you could make a chunk of money? Of course you wouldn't.

C yaaa

 

[Flic1]

That's nothing, check out the sales of Oracle's CEO, Larry Ellison.....


http://biz.yahoo.com/t/40/4982.html

 

[DornierPilot]

Ellison's income

I just don't understand how one can survive making aprox. 10-12 MILLION dollars each weekday. Plus the fact that if he continues to sell 1,000,000 shares each weekday, he'll eventually run out in just under 5 years - after grossing only around 12 BILLION, 822 MILLION, 557 THOUSAND, give or take a few dollars!

He'll eventually have to lay off some of his staff, most probably. Then, there's those nasty college bills approaching, etc.

Maybe his employees could chip in a little to help out. It seems to work in our industry very well.

 

[satpak77]

I just don't understand how one can survive making aprox. 10-12 MILLION dollars each weekday

yeah times are really tough for him