The CFO of Menu Foods, Mark Wiens, sold about half of his shares in the company three weeks before the poisoned pet food recall was announced, Canadian insider trading reports show.
In Canada’s Globe and Mail, Wiens called it a “horrible coincidence.”
Here’s another horrible coincidence: Menu Foods also waited three weeks after discovering the kitty and doggy deaths before announcing the recall.
Wow, so that means Wiens sold his stocks at the same time the contamination was discovered, but before anyone else knew about it.
Where was that “how to” on hacking Menu Foods’ phone tree… oh wait here it is. — BEN POPKEN
CFO Sold 14K Shares Before Recall [AP] (Thanks to Lana!)