Hess CEO John Hess Buys 144K Shares of Co. Stock for $7.5M

born richWhat’s going on at Hess? On Monday MDN told you that one of Hess’ board members, John H. Mullin III, had purchased 7,000 shares of Hess stock for $381,430 (called “insider buying”), bringing his total holdings of Hess stock to $3.2 million (see Hess Board Member Buys 7K Shares, Now Owns $3.2M in Hess Stock). That pales in comparison to the purchase just made by Hess CEO John B. Hess. Mr. Hess just purchased another 143,900 shares of company stock in an insider trading deal for $7.5 million. Hess’ new grand total for the stock he owns in the company that bears his name is $92 million! Rockefeller…Hunt…Getty…Hess. Sure must be nice to be born into a rich oil family…

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