To play devil’s advocate, maybe he desperately needed the money. It’s unlikely, but that’s probably what his lawyers will argue. If that was the case, a guy in

To play devil’s advocate, maybe he desperately needed the money. It’s unlikely, but that’s probably what his lawyers will argue. If that was the case, a guy in his position you’d think would be smart enough to take out a loan with his stock as collateral and not do anything fishy that could resemble insider trading like selling $10m worth of stock before earnings....