It was declared that in the past few days the CEO of General Electric (GE), Jeff Immelt bought 83,000 shares of GE for around 3.3 million dollars. Usually when a CEO buys a significant amount of his company's shares it could be viewed as a bullish signal for the company going forward.
Looking at it another way, Jeff pulls in around 18 million dollars per year according to Reuters. That is a pretty good chunk of change for one year's work. So essentially Jeff's purchase, if made by someone making $50,000 per year, would be the equivalent of $9,150... Still a decent sum of money but this is hardly betting the farm on a business that one controls.
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