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>high ranking executive risking a jail term to avoid losing 50k of stock is (again IMO), absolutely irrational. You act as if this is a real senario and would
by noobermin 9y ago
>high ranking executive risking a jail term to avoid losing 50k of stock is (again IMO), absolutely irrational.
You act as if this is a real senario and would have a non-negligible probability of occurring.
- ptero 9y agoDepends on what one considers negligible. But I think govt attorneys made an example of Martha Stewart exactly to highlight the nonzero chances of jail if one, no matter how rich, ignores public securities laws.
- rayiner 9y agoThere is a non-negligible possibility of this occurring. Insider trading is ridiculously easy to prosecute (the market is closely monitored) and the government regularly seeks prison time for executives. Rich people go to jail all the time for it.
- zimpenfish 9y ago> Rich people go to jail all the time for it. Is that true? What do you mean by "all the time"?