The CEO of Wellcare sits on the SEC. How untoward and unethical is that? I guess SEC members don’t have to resign their jobs to be on the SEC even if they have potential conflicts of interest?
Oct. 19, 2007
WellCare director Neal Moszkowski sells 10,000 shares for $112.44 apiece to $113.27 apiece
Neal Moszkowski (age 41) has been a member of our board of directors since May 2002, serving as chairman from May 2002 through October 2006. Since April 2005, Mr. Moszkowski has been Co-Chief Executive Officer of TowerBrook Capital Partners LP, a private equity investment company. Prior to joining TowerBrook, Mr. Moszkowski was Managing Director and Co-Head of Soros Private Equity Partners LLC, the private equity investment business of Soros Fund Management LLC, where he served since August 1998. From August 1993 to August 1998, Mr. Moszkowski worked for Goldman, Sachs & Co. and affiliates, where he served as Vice President and Executive Director in the Principal Investment Area. Mr. Moszkowski serves as a director of Bluefly, Inc., Integra LifeSciences Holdings Corporation, JetBlue Airways Corporation and Spheris, Inc. as well as several privately-held companies. Mr. Moszkowski received his undergraduate degree from Amherst College and his masters of business administration from the Graduate School of Business of Stanford University.
Sickly Turn for WellCare
By Melissa Davis
10/25/2007 1:13 PM EDT
Some WellCare insiders managed to escape that crash. Director Neal Moszkowski executed the most recent transaction, selling more than $1 million worth of stock four days before the raid. Meanwhile, WellCare CEO Todd Farha has been unloading company stock for months. He executed his last big transaction, which generated more than $1 million as well, just two weeks ago.