CEO Gluttony

It used to be a sin. At the New Century Financial Corp "Loan volume was down and defaults were up, the earnings report showed, and in recent weeks at least five stock analysts had downgraded the company's shares."

Moreover, four executives had sold nearly $20 million in stock in the last four months, six times as much as they had sold over the previous 12 months.

The LA Times goes on to state:

Those executive stock sales, however, have emerged as a central element in
the Justice Department's criminal investigation of New Century, according to a
person familiar with the inquiry who was not authorized to speak publicly.

Do manufacturing business CEOs have the same avarice?