WACHNER REAPS $4M FROM STOCK
NEW YORK — Linda J. Wachner, chief executive officer of The Warnaco Group, has sold 300,000 shares in the company, netting about $4 million.
Wachner said she retains a 15.15 percent stake in the company, or about 6.7 million shares.
Shares of Warnaco closed at 15 3/8, up 1/8, Wednesday on the New York Stock Exchange. — Fairchild News Service