XTO.... this will sounds selfish and awful, although if margin called at 27.29.. It's like a person being forced to sell a house after they put in atleast a 20% down payment. And the fella forced to liquidate was Chief Financial Officer of the company... even if he got replaced (which he won't since he still carries a wildly strong stake), the next CFO can't mess up a company that bad, it'd be bought out first.
October 15, 2008 4:42 PM EDT
XTO Energy Inc. announced Executive Vice President & CFO Louis G. Baldwin sold 535,700 shares of XTO common stock. This sale eliminates all of his margin debt. Mr. Baldwin continues to own 1.1 million shares of XTO and has options to purchase an additional 0.9 million shares.
$28.32 (10/16/08)
