President George W.Bush sold his stock in Harkin Oil for an $835,000 profit eight days before huge losses were disclosed and Harkin stock value dropped like a rock. Bush denied any prior knowledge about the red ink in the audit report. This was unusual in that:

Question

Quizplus · Accepted Answer

George W. Bush was a member of the audit committee at Harkin Oil, which would have given him access to financial information about the company, including potential losses, before they were made public.