3 ms·

Isn’t $3mm pocket change for these guys? It doesn’t necessarily signal confidence to me.

• m0zg 7y ago
  Seven figures isn't pocket change for anybody. Unless they're doing this with someone else's money, that seems like a pretty good signal to me.
  • uptown 7y ago
    Here are the details of his compensation agreement: https://www.cnbc.com/2018/10/05/new-ge-ceo-larry-culp-inks-stock-heavy-contract-worth-up-to-300-million-if-shares-soar.html https://www.cnbc.com/2018/10/05/new-ge-ceo-larry-culp-inks-s... It's very much in his interest to stabilize the stock price.
    • m0zg 7y ago
      It's even more of a signal then. If these insinuations were true, there'd be no point whatsoever to spend $5M to buy shares of the company which he knows is insolvent. It's not like if this is true his share purchase would buoy all of GE.
  • deleted 7y ago
    [deleted]