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> Ying exercised all of his vested Equifax stock options and then sold the shares, reaping proceeds of nearly $1 million. According to the complaint, by sellin
by dalore 9y ago
> Ying exercised all of his vested Equifax stock options and then sold the shares, reaping proceeds of nearly $1 million. According to the complaint, by selling before public disclosure of the data breach, Ying avoided more than $117,000 in losses
So he has a million dollars, but to avoid losing 10% he risks everything, including jail time?
- loeg 9y agoHe did not know in advance the stock price would only fall ~12%.
- zspade 9y agoIn all fairness...
- dade_ 9y agoExactly, the company could have gone bankrupt and he sold before the market knew the massive risk they were carrying. I am glad he has been charged.
- loeg 9y agoYeah. They probably should have gone bankrupt, and may still go bankrupt if enough people take them to small claims court or a class-action suit is filed (and won). But the news broke and their investors took it surprisingly well — apparently most do not anticipate anything like bankrupcy.
- dalore 9y agoAnd they are mostly right. People cared and know the next news bite is out and they forget. Fickle creatures.
- deleted 9y ago[deleted]