Last Updated Sep 4, 2009 2:23 PM EDT
The trading was conducted by a person in a position of trust, it was professionally carried out and it occurred systematically over a number of years, resulting in a huge payoff.Novo said the man was not a member of senior management:
The employee does not have managerial responsibility, but has had access to information.Perhaps he set up his island bank account when he went on this Novo cruise to St. Thomas in March, as described by Iguana Bio:
Novo Nordisk, the global insulin-maker behemoth, is sending 3,000 of its workers down to St. Thomas aboard the VERY nice Royal Caribbean Liberty of the Sea. The 5-day long PARTAAAYY, err "training workshop" is underway as we speak.Or perhaps his motivation was Novo's relatively modest compensation program.