4 ms·
it blows my mind that people don't understand that c-level people at corporations literally legally cannot have control of their own stock in this capacity. it
by debt 7y ago
it blows my mind that people don't understand that c-level people at corporations literally legally cannot have control of their own stock in this capacity. it sells off at predetermine intervals throughout the year set by accountants that aren't made known to the executive. this just a another example of that.
- LASR 7y agoOf course. It could not get any more "insider" in insider trading when it's the founder (person 0).
- ygjb 7y agoWhy does it blow your mind? Knowing that would require a fair amount of domain specific knowledge regarding corporate finance, and trading regulations which are a niche topic for the vast majority of folks. Not to mention, securities regulations vary significantly by legal jurisdiction, and most of the knowledge that people have about how securities are actually traded are informed by soundbites from media and dramatic representations in movies. Hell, I worked at HSBC in various roles for several years, and took as much finance training as I could while I was there, and I don't really understand a lot of the rules and regulations in the jurisdictions I work in (mostly Canadian and US places).