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Some CEOs (WB) actually believe in their own company

posted 836 weeks ago on BloggingStocks

Filed under: Citigroup Inc. (C), Merrill Lynch (MER), Wachovia Corp (WB)With all the bad PR surrounding the departure of Citigroup's (NYSE: C) CEO Chuck Prince, along with Merrill Lynch's (NYSE: MER) CEO Stanley O'Neill, not to mention their huge severance packages, it's refreshing to see a company where the CEO actually puts his money where his mouth is and invests in the stock of the company he runs. News that Wachovia (NYSE: WB) CEO Ken Thompson bought 100,000 shares this past Friday, to go along with the 37,000 he bought earlier last week, is a telling sign that not only does he pay lip service to his company's stock being undervalued, but has actually invested millions of his own dollars to back it up. With the debate over executive compensation heating up, and investor cynicism towa

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