Buffett Dumps $982 Million in BofA Stock—What Does He Know?

Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.

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Scott L. Thompson net worth and biography

Scott Thompson Biography and Net Worth

CEO of Tempur Sealy International

Scott L. Thompson has served as Chairman of Tempur Sealy International’s Board of Directors and as its President and Chief Executive Officer since September 2015. During his tenure, the company has significantly grown earnings, organically developed a significant direct to consumer business, established Sealy as the number one mattress brand in the United States, launched innovative Tempur-Pedic products that won the JD Power Award for quality, and expanded into the private label bedding business. Tempur Sealy International is the largest and most profitable bedding company in the world.

Thompson previously served as Chairman of the Board of Directors, Chief Executive Officer and President of Dollar Thrifty Automotive Group, Inc., until it was purchased by Hertz Global Holdings, Inc. in 2012. During his tenure, the company’s stock rose from $0.97 a share to $87.50 a share, a compounded growth rate of over 200%. Prior to Dollar Thrifty Automotive Group, Mr. Thompson was a founder of Group 1 Automotive, Inc., a NYSE and Fortune 500 company, serving as its Senior Executive Vice President, Chief Financial Officer and Treasurer.

Thompson has served on six public company Boards, chaired three and has been involved in numerous acquisitions and divestitures. He founded four multi-million-dollar charities with a primary focus on children. Thompson earned a Bachelor of Business Administration degree from Stephen F. Austin State University in Nacogdoches, Texas, and began his career in Texas with a national accounting firm.

What is Scott L. Thompson's net worth?: The estimated net worth of Scott L. Thompson is at least $20.83 million as of October 31st, 2019. Mr. Thompson owns 380,560 shares of Tempur Sealy International stock worth more than $20,831,854 as of November 23rd. This net worth estimate does not reflect any other investments that Mr. Thompson may own. Additionally, Mr. Thompson receives a salary of $3,530,000.00 as CEO at Tempur Sealy International. Learn More about Scott L. Thompson's net worth.
How old is Scott L. Thompson?: Mr. Thompson is currently 65 years old. There are 7 older executives and no younger executives at Tempur Sealy International. Learn More on Scott L. Thompson's age.
What is Scott L. Thompson's salary?: As the CEO of Tempur Sealy International, Inc., Mr. Thompson earns $3,530,000.00 per year. Learn More on Scott L. Thompson's salary.
How do I contact Scott L. Thompson?: The corporate mailing address for Mr. Thompson and other Tempur Sealy International executives is 1000 TEMPUR WAY, LEXINGTON KY, 40511. Tempur Sealy International can also be reached via phone at (800) 878-8889 and via email at [email protected]. Learn More on Scott L. Thompson's contact information.
Has Scott L. Thompson been buying or selling shares of Tempur Sealy International?: Scott L. Thompson has not been actively trading shares of Tempur Sealy International during the past quarter. Most recently, Scott L. Thompson sold 200,000 shares of the business's stock in a transaction on Wednesday, September 22nd. The shares were sold at an average price of $49.35, for a transaction totalling $9,870,000.00. Learn More on Scott L. Thompson's trading history.
Who are Tempur Sealy International's active insiders?: Tempur Sealy International's insider roster includes Richard Anderson (EVP), H. Buster, III (CEO), Evelyn Dilsaver (Director), David Montgomery (EVP), Bhaskar Rao (CFO), Steven Rusing (EVP), Scott Thompson (CEO), Robert Trussell, Jr. (Director), Scott Vollet (EVP), and Hansbart Wijnand (EVP). Learn More on Tempur Sealy International's active insiders.

Scott L. Thompson Insider Trading History at Tempur Sealy International

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
9/22/2021	Sell	200,000	$49.35	$9,870,000.00
10/31/2019	Sell	100,000	$89.61	$8,961,000.00	380,560
11/7/2017	Buy	19,564	$51.19	$1,001,481.16	245,016
5/3/2016	Buy	16,676	$59.96	$999,892.96	121,364
3/14/2016	Buy	35,000	$57.67	$2,018,450.00	86,632

Scott L. Thompson Buying and Selling Activity at Tempur Sealy International

Tempur Sealy International Company Overview

Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, Dreams, and SOVA; and licenses Sealy, Tempur, and Stearns & Foster brands, as well as technology and trademarks to other manufacturers. Tempur Sealy International, Inc. was founded in 1846 and is based in Lexington, Kentucky.

Today's Range

Now: $54.74

$54.67

$55.34

50 Day Range

MA: $52.10

$47.66

$55.87

2 Week Range

Now: $54.74

$38.85

$57.13

Volume

1,443,851 shs

Average Volume

1,596,977 shs

Market Capitalization

$9.51 billion

P/E Ratio

25.00

Dividend Yield

0.96%

Beta

1.6

Buffett Dumps $982 Million in BofA Stock—What Does He Know?

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