Shares and Stock

pearson: The company said Pearson exercised and sold options representing about 4.4 million shares and sold about 411,000 shares of common stock in June and July to satisfy tax obligations, according to The Toronto Star. Those obligations came after Goldman Sachs forced Pearson last year to sell 1.3 million shares he pledged to secure loans from the banking and investment management firm. The Quebec-based drug maker said Michael Pearson remains a large shareholder with 3.5 million shares, after he dumped $96.8 million worth of stock. Mike personal stock transactions are not a reflection of the ongoing viability of Valeant, chairman and CEO Joseph Papa said in a news release Thursday. While I trimmed my ownership position for personal reasons, I plan on holding my remaining shares until the company recovers and returns to being traded on fundamentals, he said. Article Continued Below In the same statement, Pearson said he continues to have faith in the company and its management team. (news.financializer.com). As reported in the news.