Tuesday, December 18, 2007
Sallie Mae Chairman Alfred L. Lord's stock sales made news this year. Last Friday the company announced that Lord sold 90% of his stock apparently to meet a margin call. Last February he sold about $18.3 million of his shares just before the administration announced a proposal to cut student loan subsidies. Lord said he didn't know anything about the proposal. The Chair still has plenty of stock options. WPost, A Reversal of Fortune For Sallie Mae Chairman.