Wealthy Executives Make Millions Trading Competitors’ Stock With Remarkable Timing

on Mar 16, 2023 06:52:PM

Never-before-seen IRS records show that CEOs are sometimes making multimillion-dollar bets on the stocks of direct competitors and partners — and doing so with exquisite timing. August Troendle, an Ohio billionaire, made a remarkably well-timed stock trade. He sold $1.1 million worth of shares of Syneos Health the day before a management shake-up caused the […]