North American chief executives and their senior managers are buying their companies’ shares on a scale not seen since March 2009.
The chief executives of Morgan Stanley, Chiquita Brands, General Motors and the holding company of Continental and United Airlines are among those who in the past week have sought to demonstrate confidence in their companies through share purchases.
Other influential insider buyers have included James Flaws, Corning’s veteran chief financial officer, and Lou Simpson, a confidant of Warren Buffett and now a director of Chesapeake Energy, a big natural gas producer.
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