Company Share Prices Hit New 7-Year Low, Lucky Corporate Officers Who Sold at Year's High Avoid Insider Trading Charges (So Far)
By Brad Friedman on 12/31/2007, 4:12pm PT  

At least someone's bringing some accountability of some sort this year....

Looks like our old friends at Diebold have left us with an end-of-year gift, as their share prices continued tumbling today to close the year at $28.98/share. Just a smidgeon above their 5-year 7-year low set earlier in the day. (DBD stock hasn't been this worthless since April of 2001.)

But, as we reported in our recent summary of the years-long undoing of one of America's worst voting machine companies (we know, it's a close contest), there has yet to be any accountability, for the company insiders who, with stunningly fortuitous coincidental timing, just happened to sell off thousands of shares at $53.04 last August.

Those lucky executives moved at just the right time, right near the year's peak of $54.50, last August, and just prior to the precipitous 43% plunge over the rest of the year. We --- and we alone, unfortunately --- reported on that apparent insider trading just after the sell-off in late Summer.

Whether the recently announced DoJ investigation of Diebold has anything to do with that chicanery, we can't tell ya. And we're still waiting for any of the thousands of Election Officials, who've been screwed by the once-beloved America-hating company, to file suit themselves. But at least the shareholders, if no one else so far, are beginning to bring some accountability.

Happy New Years, Diebold! We'll see ya on the other side. And that's one thing upon which, you can finally count correctly, for a change...