George S. May Business Blog

Top exec at IBM put on leave for insider-trading scandal

Robert Moffat, a top executive at IBM Corp., has been placed on leave after being charged in an insider trading scandal. Allegedly, Moffat had been leaking secrets about IBM’s earnings and financial dealings to corporate partners.

Robert Moffat, a senior vice president, was considered to be a top candidate for the heir to the CEO throne. According to IBM, Moffat, the penny-pinching pundit, no longer serves an officer of the company. Comment is yet to come forth from anyone related or close to Moffat.

As for now, Rodney Adkins will assume Moffat’s responsibilities. Adkins was a senior vice president in charge of development and manufacturing.

Related posts:

1. 10 more to be charged for insider trading following the arrest of Raj Rajartnam Raj Rajaratnam, the billionaire founder of Galleon Group, was arrested Oct. 16 for alleged insider trading. Mr. Rajaratnam immediately and fervently denied his guilt:...


2. S.E.C. attorneys being investigated by F.B.I. for insider trading The FBI is investigating two S.E.C. attorneys for insider trading, according to a report on CBS News’ website. The report said that CBS News obtained...


3. Ed Liddy is ready to leave Edward Liddy has finally announced that he plans to go back into retirement from serving as CEO of AIG. Liddy came out of retirement to...


4. Wells Fargo exec, Cheronda Guyton, fired after accusations of squatting in foreclosed home I recently posted a review of an article I found in the LA Times about Cheronda Guyton, a Wells Fargo exec who had been using...


5. AIG exec quits over government enforced pay restriction An AIG executive has reportedly quit due to the government’s limit on executive pay. AIG said yesterday that Anastasia Kelly, vice chairman and general counsel, is...