XL former CEO forced to sell shares to meet margin call
XL Capital has said that its chairman, Brian O’Hara, involuntarily sold approximately 80% of his XL common shares on 9 October in order to meet a margin loan call.
Mr O’Hara commented: “I regret that last Thursday I was forced to sell approximately 80% of my XL shares. I had pledged those shares as collateral to secure a personal loan used to fund purchases of
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