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I'd add that the potential is worse than just getting fired. This could cause a fall in the stock price and a subsequent lawsuit.
by hkmurakami 11y ago
I'd add that the potential is worse than just getting fired. This could cause a fall in the stock price and a subsequent lawsuit.
- azernik 11y agoThose probably don't hit the employee themselves; those hit the company. Classic principal-agent problem.
- nostrademons 11y agoCompanies will often sue for the difference. If random company X employee doxes a client of X, and then the market cap of X falls by $Y on the news and consequence loss of trust, company X has a pretty good case that financial damages of $Y are warranted through the actions of the employee's breach of contract. Chances are, the employee has nowhere close to $Y in assets, but will settle for $Z << $Y to avoid having a huge lawsuit with the potential to garnish many years worth of wages hanging over their head. Many people who might think that the risk of being fired is worth having the inside scoop on a story might reconsider when the threat is a lawsuit from Google/Facebook/Twitter.
- briandear 11y agoAlthough given the value of Twitter stock bonuses and options a stock price hit does matter.