Oh My

People should stop picking on this nice man.

WASHINGTON — The chief executive of Moody's Investors Service sold almost $3 million in company stock this year, and $7.1 million last year, both times right before his company's stock price fell from its peak levels, a McClatchy analysis has found.

In one case, CEO Ray McDaniel sold 100,000 shares of Moody's stock on the same day that the Securities and Exchange Commission notified Moody's that it was under investigation. The notice followed months of federal inquiries into Moody's business practices.

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However, experts question McDaniel's sales because he had key information about the company's finances that ordinary investors didn't have, because his stock sales' timing is curious, and because Moody's won't disclose when he set the terms of his plan's prearranged stock sales, or whether he changed those terms.