Why is Scott selling his stock?


Scott Moritz of TheStreet.com points out that the other Scott, Juniper Networks CEO Scott Kirens has been selling stock at the end of every quarter like clockwork. Apparently, he has sold nearly $37.8 million of his stock this year, Moritz points out. Since November 2002 he has sold nearly $68.8 million from stock sales. Though he has sold 4 million shares, there is another 12 million to go. Actually given the length of time he has been selling, one cannot read anything ulterior into this. “I’d say, talk to my wife, because I sell the same number of shares every quarter in a pattern and will continue to do that … that is a promise I made to her,” Kriens said during a chat with CNBC.

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