Well, that was interesting

[jeriendhal]

Got a call from a man who identified himself as a private investigator, claiming to investigating on the behalf of Choice Hotels (my old employer) stockholders. It appears that the CEO made some fairly bold claims about the company's performance, just before the stocks dropped 30%, all shortly after I left. There apparently has been soem accusations of insider trading.

I couldn't offer him much information, since the financial stuff wasn't in my department, but still...

iiiiiiinteresting.

Comments

[badasher.livejournal.com]

Heheh...I had heard something about that. It was trading @ 120 when they split it -- doubling the shares and make it worth $60. Then not too long later, it dropped down below $40 -- where it sits today.

Did he mention anything about the multiple reorgs that the company went through? I bet that didn't help any.

[jeriendhal.livejournal.com]

He didn't mention that point. What happened exactly?

[badasher.livejournal.com]

One instance I can best describe as a coup occurred -- and fifth floor ran red with the blood of defeated. Lot's of higher ups got pink slips.

Then, twice they have seriously tinkered with how we handle the various brands. Shook the structure all to hell -- and a few more people got their walking papers. I think they have finally settled on how it is going to be...for now.