It's GE. Here's the proof. Lol.
$20M Insider Buy of GE Stock Is Biggest in Years
Director W. Geoffrey Beattie bought 800,000 shares of GE through an investment company last week.
By GRACE L. WILLIAMS
February 23, 2015
A General Electric director made an industrial-sized buy of stock on Feb. 18 and 19 as shares charged to a multiyear high price.
W. Geoffrey Beattie bought 800,000 GE (ticker: GE ) shares for $20,096,000, an average of $25.12 each. Regulatory filings show that Beattie’s buys were made through an unnamed investment company. Beattie now indirectly holds 858,824 GE shares through entities including trusts and the investment company, a stake of less than 1%. His most recent previous transaction was on July 23 when he bought 10,000 shares for $260,100, an average of $26.01 each.
Beattie is chief executive of Generation Capital of Toronto, an investment-management firm, and chairman of Relay Ventures, a mobile-computing-focused venture-capital fund also based in Toronto. Beattie had served as deputy chairman of Thomson Reuters from 2000-2013 and had served as president and chief executive of Woodbridge Co., the Thomson family company that controls Thomson Reuters.
A GE spokesman declined to comment on Beattie’s purchase.
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