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Chairman of Northwest Selling Shares





Has any shareholder wealth ever been created in this industry?

From New York Times:

The chairman of Northwest Airlines has sold more than half his common stock in the last two weeks, amid heightened labor tensions and concerns that the airline might have to seek bankruptcy protection, according to regulatory filings released yesterday.

Gary L. Wilson, who has been Northwest's chairman since 1997, has sold nearly 2.5 million shares since May 13, about 59 percent of his stock. Mr. Wilson sold more than a million shares this week, according to filings with the Securities and Exchange Commission. The price ranged from $5 to $6.64 a share.

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