Abbott CEO Spends $45.5 Million to Boost Personal Stock Holdings
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Abbott Laboratories Chief Executive Officer Miles White, in the midst of buying two medical technology rivals, told investors last week he thought the company’s stock price would only be going up. Now he’s using his own cash to back the assertion.
White added 1.28 million shares to the 1.46 million he already owned, according to filings with the U.S. Securities and Exchange Commission. The $45.5 million purchase will make him one of the company’s top 100 shareholders, according to data compiled by Bloomberg.