The founder of WestJet, Clive Beddoe is embracing life, Pumpkins. He told the Wall Street Journal that “The loss of several friends in recent years makes one very aware of the frailty of life”. And unless you’re still young and stupid, you know full well what he’s talking about.
The part I’m having trouble digesting is how awareness of the frailty of life leads to selling all your shares of WestJet stock -- except for 1%. Kind of not a totally natural “if - then”. Or is that just me? I’d be thinking maybe exercise. Travel. (Which is nice to do when you have your own airline) And, only under dire circumstances, drink less.
But sell a whack of stock in the airline you founded? Is there a message here?
According to the TSE, ‘insider’ Beddoe sold 85,200 shares of the airline’s stock this past Monday. It’s the final wave of 18 months of 40 million dollars’ worth of ‘diversification’. I love that word.
So tell me, Pumpkins, why would you kick your own airline in the stock-pit?
Maybe because with 40 million in cash you could practically save the world or something? Or maybe buy a nice new vintage turquoise 280SE cabriolet Benz with cream leather interior. Oh, and a fresh pair of implants. Maybe update your cruisewear. Concerns about the frailty of life would just bubble away with a case or two of Armand de Brignac. Just saying.
