The real reason why Bill Frist sold his stock
Bill Frist is innocent of any wrongdoing, of course, in the incredibly timely and fortuitous dumping of his HCA stock. The reason he sold the stock was not to avoid a huge financial loss - don't be silly! - but rather, to avoid the appearance of a political conflict of interest. You know, in case of "what might come next." Read between the lines:
"Because of these continuing questions, and looking ahead at my final years in the Senate and what might come next, I have for some time wanted to eliminate even the possibility of an appearance of a conflict by totally divesting of any HCA stock in my family's trust."
Well, Mr. Frist, you're too late; the "possibility of an appearance of a conflict" is upon you. Better divest of your plans to run for president.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/26/AR2005092600996.html
"Because of these continuing questions, and looking ahead at my final years in the Senate and what might come next, I have for some time wanted to eliminate even the possibility of an appearance of a conflict by totally divesting of any HCA stock in my family's trust."
Well, Mr. Frist, you're too late; the "possibility of an appearance of a conflict" is upon you. Better divest of your plans to run for president.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/26/AR2005092600996.html
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