Follow us on
Connect
Advertisement
 

Big Lots’ CEO Under SEC Scrutiny for $10 Million Stock Sale

December 5, 2012
Get the Flash Player to see this rotator.
 
The U.S. securities regulator is investigating a $10 million stock sale in March by Steven Fishman, chief executive of close-out retailer Big Lots, who announced his retirement on Tuesday, The Wall Street Journal reported, citing a person familiar with the inquiry. The U.S Securities and Exchange Commission allows company executives to trade their own stock by using a preset trading plan called "10b5-1," even when they have access to private information....

 

People Mentioned:

More Suggested Content:

Big Lots president and CEO to retire
December 4, 2012 From Mass Market Retailers
COLUMBUS, Ohio – Big Lots Inc. is searching for a successor to chairman, president and chief executive officer Steve Fishman, who has announced plans to retire. The company's board has retained Korn/Ferry International to conduct a search, both...
 
Big Lots shuffles executives
August 27, 2012 From Mass Market Retailers
COLUMBUS, Ohio – Big Lots Inc. has shaken up its executive ranks after reporting disappointing quarterly results and lowering its full-year earnings guidance for the second time. The closeout chain reported a 38.1% drop in income from continuing...
 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: