Aberdeen Asset Management is in the middle of a big deal: the pounds 550m purchase from Lloyds Banking Group of Scottish Widows Investment Partnership . A moment, you might think, for directors to calm investors by refraining from selling shares. Not a bit of it. Andrew Laing , deputy chief executive, cashed in pounds 5.3m this week. Chief executive Martin Gilbert sold shares worth pounds 8.6m at the start of the month. Hugh Young , star fund manager in Singapore, banked pounds 5.5m at the same time. The disposals all flowed from the multi-year bonus and incentive schemes. And sales in December, we are told, are a regular practice at Aberdeen, a company that rewards its board with shares. All the same, a display of directors' greed for the long-term prize would have gone down better.
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