Sally’s Beauty Supply Detected Attempt at Data Breach; Wall Street Journal Reports Beauty Supply Company CEO’s Sale of Millions in Stock “Preceded Disclosure that the Retailer is Probing an Attempted Data Breach”
In the wake of The Wall Street Journal reporting that Sally’s Beauty Supply was investigating an attempt at a data breach of its customers (“Sally Beauty Detects Attempt at Data Breach,” March 6, 2014) comes a follow-up story that the company’s CEO sold $16.2 million in stock shortly before the retailer announced the investigation to the public. “Sally Beauty’s CEO Sold Stock” (The Wall Street Journal, March 8-9, 2014) reports how CEO Gary Winterhalter, 61,…