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I don’t get why they would do it in the first place. It’s merely $3M over three years for at least four people. Substantial amount, sure, but compared with the
by hintymad 5y ago
I don’t get why they would do it in the first place. It’s merely $3M over three years for at least four people. Substantial amount, sure, but compared with the risk and their income from Netflix salary and generous options, I just don’t see where the incentive was.
- deleted 5y ago[deleted]
- jonas21 5y agoFirst, I'm sure they thought the probability of being caught, and thus the risk to themselves, was low. And who knows? They may have even been right about this -- without knowing how many people get away with insider trading, it's impossible to say. Second, nearly all of the profits were allegedly made by Joon Jun and Junwoo Chon, who did not work at Netflix. $3M over 3 years was probably a lot of money for them, as it would be for most people.
- hintymad 5y agoWow, I somehow thought they all worked for Netflix.
- pacetherace 5y agoCrimnals tend to start small, if uncaught, go big.
- elevenoh 5y agoCan you imagine the low traceability info they gave family/friends (e.g. with different last name) to trade on? 3M RIO under their name. How bout under others' names