CIO — A CIO’s decision to exercise his stock options once served as a sign of his forthcoming departure from his company. “Ordinarily, you’d think they’re getting ready to go because they’re cashing in,” says Mark Polansky, North American managing director of executive search firm Korn Ferry’s IT Center of Expertise.
But that’s not the case today. Many CIOs are cashing in on their options simply because the money is good, says Polansky. “People have done well with options—not just CIOs, but senior and middle management,” he says. “There’s a common feeling that we’re either at the top of the stock market or near the top, and since we all learned that we don’t know how to predict the top (we all had that problem in 2000), people are more cautious this time. They’re taking money off the table and trying to avoid giving it all back when the bubble bursts,” he says.
| CIO/COMPANY | SHARES PURCHASED/ TOTAL PRICE | SHARES SOLD PRICE | NET PROFIT |
| Robert Moore, Paetec | 5,000/$15,450 | $55,751 | $40,301 |
| Janice Skredsvig, Paccar | 4,801/$182,294 | $417,207 | $234,913 |
| Beth Perlman, Constellation Energy | 4,000/$124,840 | $372,955 | $248,115 |
| Richard Cella, Alpharma | 31,125/$386,575 | $792,380 | $405,805 |
| Michael Relich, Guess | 10,000/$77,200 | $494,006 | $416,806 |
| Scott Henkel, Capella Education | 30,000/$472,163 | $1.03 million | $559,237 |
