Cooks In The Broth

This enabled Bush to buy 105,000 Harken shares through a stock option programme for senior executives. The irony kicks in now: in his address to corporate honchos last week, Bush talked of banning firms from extending such loans to its executives. Questions were also raised about Bush’s involvement in ‘cooking’ the books to boost Harken’s ’89 sale of its stake in Aloha Petroleum Ltd. On June 22, ’90, Bush sold 3,17,152 Harken shares at $4 a share, earning $848,560. A week later, Harken announced a $23.2 million loss and its share prices dropped sharply. Bush also didn’t file an insider trading form by the 10th day of the following month as is procedure, waiting eight months to report the sale on SEC ‘Form 4’.