Another classic instance of insider-trading pillow talk. Christopher Balkenhol, former vice president of Oracle, allegedly got a tip on the company's plan to acquire other firms.
The source of this information? His wife Carolyn, who was CEO Larry Ellison's secretary, and had access to the schedules of both chief executives and co-presidents. Her husband
bought $448,000 worth of shares in one of the target companies before the public announcement of the deal, and made $82,000 in profits, according to the SEC. Balkenhol never
admitted he was wrong, but settled out of court in 2007 by paying the SEC a $198,000 fine.
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