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Usually? Please ... That's called insider trading and those who do that ends up in jail or at best have to hide in the sun for the rest of their life.

ivan888 6y ago
Is "hide in the sun" an idiom I'm unfamiliar with? Genuinely curious about what this means
- throwaway22211 6y ago
  Non-extradition countries are often tropical. "in the sun". https://worldpopulationreview.com/country-rankings/countries-without-extradition https://worldpopulationreview.com/country-rankings/countries... Latin countries, while not technically non-extradition, are still easy to hide in ... and also "in the sun"
- centixel 6y ago
  Not OP, but I take it to mean that they flee to a tropical country with limited extradition laws.
paulmd 6y ago
A recent example would be Intel's CEO Brian Krzanich dumping as much stock as he could after learning about Meltdown and before the news went public. https://arstechnica.com/information-technology/2018/01/intel-ceos-sale-of-stock-just-before-security-bug-reveal-raises-questions/ https://arstechnica.com/information-technology/2018/01/intel... The article also cites Equifax's CEO selling before the news of their data breach went public. And that's just the ones that are prominent enough that everybody knows about it.
- lanstin 6y ago
  Even just the routine sell off ten percent a year or whatever a financial planner would advise is something one can't do with your 401k.
bumby 6y ago
There's of course legal ways to do similarly. I thought this was a good example of John Krafcik's resignation which to a certain extent meets the same aim: Official resignation letter: https://blog.waymo.com/2021/04/capstone-of-my-career-email-from-john.html https://blog.waymo.com/2021/04/capstone-of-my-career-email-f... "Interpreted" letter: https://gist.github.com/ChuckM/ff5fc8c800c7fe9160483b68ec45aac9 https://gist.github.com/ChuckM/ff5fc8c800c7fe9160483b68ec45a...

ivan888 6y ago

Is "hide in the sun" an idiom I'm unfamiliar with? Genuinely curious about what this means

throwaway22211 6y ago
Non-extradition countries are often tropical. "in the sun". https://worldpopulationreview.com/country-rankings/countries-without-extradition https://worldpopulationreview.com/country-rankings/countries... Latin countries, while not technically non-extradition, are still easy to hide in ... and also "in the sun"
centixel 6y ago
Not OP, but I take it to mean that they flee to a tropical country with limited extradition laws.

paulmd 6y ago

A recent example would be Intel's CEO Brian Krzanich dumping as much stock as he could after learning about Meltdown and before the news went public. https://arstechnica.com/information-technology/2018/01/intel-ceos-sale-of-stock-just-before-security-bug-reveal-raises-questions/ https://arstechnica.com/information-technology/2018/01/intel... The article also cites Equifax's CEO selling before the news of their data breach went public. And that's just the ones that are prominent enough that everybody knows about it.

lanstin 6y ago
Even just the routine sell off ten percent a year or whatever a financial planner would advise is something one can't do with your 401k.

bumby 6y ago

There's of course legal ways to do similarly. I thought this was a good example of John Krafcik's resignation which to a certain extent meets the same aim: Official resignation letter: https://blog.waymo.com/2021/04/capstone-of-my-career-email-from-john.html https://blog.waymo.com/2021/04/capstone-of-my-career-email-f... "Interpreted" letter: https://gist.github.com/ChuckM/ff5fc8c800c7fe9160483b68ec45aac9 https://gist.github.com/ChuckM/ff5fc8c800c7fe9160483b68ec45a...