4 ms·
It did not occur to me until now that instead of timing their sales to announcements, senior execs could time announcements to their scheduled stock sales. Bril
by m0zg 6y ago
It did not occur to me until now that instead of timing their sales to announcements, senior execs could time announcements to their scheduled stock sales. Brilliant, in a way - a legal form of insider trading. In the meantime the lowly peons are often subject to "trading windows", and have no control over any material announcements. A bit of a disadvantage.
- redis_mlc 6y agoFor people not familiar with employee trading windows, it's not pretty. Often employees are completely distracted for a couple weeks, or coming in at 6 am in Calif. I've had meetings cancelled because "I'm too busy, the window is open this week." Otherwise they miss out until the next window, which could be 6 months later.