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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 selling
by broahmed 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."
I'm sure in hindsight $117,000 would seem a fair amount to not have the SEC on you.
I'm surprised the losses avoided were so little.
- selectodude 9y agoEquifax should be bankrupt right now. The fact that they aren’t is an absolute failure of government. Ying wasn’t selling to save 10 percent, he was selling to save all of it. He just assumed that a catastrophe as bad as what Equifax did would actually have been punished. So did i...