John Hess, chairman and chief executive officer of integrated-oil company Hess Corp. (HES)and a Dow Chemical (DOW)director, bought $997,000 in Dow stock Friday, according to a filing with the SEC.
Hess acquired 25,200 shares at an average of $39.56 per share. It is Hess’ second million-dollar buy in the last year. In May 2007, he acquired 21,700 shares at an average price of $46.18 each. Hess now holds 48,550 Dow shares,
Hess was elected to Dow’s board in October 2006 and has served as Chairman and CEO of Hess Corp. since 1995.
Disclosure (“none” means no position): Long Dow
