In information that ought to hardly shock anybody: these accountable for the US‘ largest firms dumped billions of {dollars} value of shares on the inventory market simply earlier than it crashed.

Prime execs of public US firms offered roughly $9.2 billion value of shares in their very own firms between the beginning of February and the top of final week, Wall Street Journal reports.

[Learn: On-line marketplaces are tanking worldwide – aside from Amazon]

Hundreds of insiders reportedly made related strikes. Greater than 150 executives and officers every offered no less than $1 million in firm inventory throughout February and March, after promoting no inventory in any respect within the earlier 12 months.

These numbers include no accusations of insider buying and selling (apart from those levied against Republican senator Richard Barr et al.)

None made greater than Amazon‘s Jeff Bezos. He unloaded $3.four billion in Amazon shares simply earlier than the inventory market peaked in mid-February, discovered the Wall Road Journal, accounting for greater than a 3rd of all shares offered by prime execs.