Timing of Medical-Device Recalls Linked to CEO’s Ownership Stake in the Company

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Medical-device recalls are delayed for all sorts of reasons. Is one of them how much stock the CEO owns in the company?

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Researchers also found that the longer the delay, the bigger the penalty in the stock market

Researchers found that the more stock a CEO owns in a company, the slower a medical-device recall tends to be.

 

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