Frist Sold Hospital Shares Before Drop
Tuesday, September 20, 2005; 9:37 PM
WASHINGTON -- Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent.
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An HCA spokesman said the company had no part in Frist's decision.
Frist's father, Thomas, founded the company and his brother, Thomas Jr., is a director and leading stockholder. The family is worth $1.1 billion, according to Forbes magazine.
HCA _ formerly known as Columbia HCA Healthcare Corp. _ has been a top contributor to the senator's campaigns, donating $83,450 since 1989, according to the Center for Responsive Politics.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/20/AR2005092001290.html
Tuesday, September 20, 2005; 9:37 PM
WASHINGTON -- Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent.
...
An HCA spokesman said the company had no part in Frist's decision.
Frist's father, Thomas, founded the company and his brother, Thomas Jr., is a director and leading stockholder. The family is worth $1.1 billion, according to Forbes magazine.
HCA _ formerly known as Columbia HCA Healthcare Corp. _ has been a top contributor to the senator's campaigns, donating $83,450 since 1989, according to the Center for Responsive Politics.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/20/AR2005092001290.html