Northern Rock CEO Sold Millions in Shares Before Collapse

Adam Applegarth did pretty well out of Northern Rock shares in the year before it collapsed. He has trousered many millions over the years, allowing him to enjoy an Aston Martin with a Ferrari for his missus parked in the driveway of his mansion. His confidence in his bank’s business model long term is demonstrated by his selling of £1.5 m of shares in two days. (25 Jan 2006 sold 52,253 at 957p for £500,061.21 and the next day he sold another 111,426 at 957p for £1,066,346.82).

His faith in the business was shown by his purchase last April of just 262 shares worth a little under £3,000. Not a lot of faith in the business from the boss was there?

Enron’s crooks were massive financial supporters of the Republican party. Northern Rock gave half-a-million to Labour’s favourite think-tank, the IPPR. It also employed Gordon’s personal pollster, Deborah Mattinson, as an adviser. Of all the pollsters to seek advice from, why her? Why give money to that think-tank? Nowadays it is very rare for publicly quoted companies to make politically partisan donations.



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Ken Clarke tells the Ben Fellows trial:

“The idea that I would go strolling off in order to grope a man in an office is highly unlikely.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

GMB UNION SUE UBER GMB UNION SUE UBER
Who Will Be UKIP’s Mayoral Candidate? Who Will Be UKIP’s Mayoral Candidate?
Meanwhile, in Venezuela… Meanwhile, in Venezuela…
TWITTER EMPLOYEES JUMP FROM SINKING SHIP TWITTER EMPLOYEES JUMP FROM SINKING SHIP
Times Trolls Burnham Times Trolls Burnham
CHAMPAGNE SOCIALISTS BACK CORBYN CHAMPAGNE SOCIALISTS BACK CORBYN

SINN FEIN SHOULD “TAKE INSPIRATION” FROM ARMED UPRISING SINN FEIN SHOULD “TAKE INSPIRATION” FROM ARMED UPRISING
ALL CHANGE AT GREEN PARTY HQ ALL CHANGE AT GREEN PARTY HQ
I Can’t Believe He’s Not Tory! I Can’t Believe He’s Not Tory!
UBER DESTROYING RACIST TAXI INDUSTRY UBER DESTROYING RACIST TAXI INDUSTRY
Could Labour Fall Apart Under Corbyn? Could Labour Fall Apart Under Corbyn?
Hilarious Prankster Hilarious Prankster
GREENPEACE LIVID GREENPEACE LIVID
Did Labour Leadership Candidates Smoke Dope? Did Labour Leadership Candidates Smoke Dope?
Another Andy Flip Flop Another Andy Flip Flop
Clegg Whores Himself Out Clegg Whores Himself Out
RETURN OF THE FRACKERS, CUADRILLA TO APPEAL RETURN OF THE FRACKERS, CUADRILLA TO APPEAL
FLASHBACK: TORY WHIP ON SCANDAL INVOLVING “SMALL BOYS” FLASHBACK: TORY WHIP ON SCANDAL INVOLVING “SMALL BOYS”
“Owen Jones is the 1%” “Owen Jones is the 1%”
Jedward Told to “F**k Off” By Indy Staff Jedward Told to “F**k Off” By Indy Staff
CLIMATE LOBBY DRAFT ARNIE CLIMATE LOBBY DRAFT ARNIE
MOD FORCED TO FIGHT RUSSIAN AGGRESSION… WITH TWEETDECK MOD FORCED TO FIGHT RUSSIAN AGGRESSION… WITH TWEETDECK
Mental Marxists: Tories Will Gas the Poor Mental Marxists: Tories Will Gas the Poor
MONEYBAGS BURNHAM TRAILS DESPITE SIX FIGURE FUNDING BONANZA MONEYBAGS BURNHAM TRAILS DESPITE SIX FIGURE FUNDING BONANZA
ROLL CALL OF LABOUR ‘MORONS’ ROLL CALL OF LABOUR ‘MORONS’
YOUGOV: CORBYN 17% AHEAD FIRST PREFS YOUGOV: CORBYN 17% AHEAD FIRST PREFS
BBC In Shocking Ice Revelation BBC In Shocking Ice Revelation
BBC Avoids Questioning Janner BBC Avoids Questioning Janner
TORY MP: SNP DON’T KNOW THEIR RS FROM THEIR ELBOW TORY MP: SNP DON’T KNOW THEIR RS FROM THEIR ELBOW