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CRM Execs Collected $42M from Stock Sales While Trusts Faltered

Wednesday, September 9, 2009 | 0

By Michael Whiteley, Eastern Bureau Chiefmike@workcompcentral.comKey officers and directors of Compensation Risk Managers, a former manager of eight New York group self-insured trusts, collected $42 million from stock sales in 2005 and 2007, while the trusts were incurring heavy losses en route to shutting down, the Poughkeepsie Journal reported Sunday.Based on a review of insider trading reports filed with the U.S. Securities and Exchange Commission (SEC) by Compensation Risk Managers' parent, CRM Holdings, the newspaper reported that former CEO Daniel G. Hickey Jr. collected $8.1 million...

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