4 ms·

Sure it can, but this is an extremely unlikely case for jail time.

jacquesm 3y ago
Ask Martha Stewart if she agrees with that statement. Unlikely doesn't mean it doesn't happen and the more high profile a case the more likely the SEC will do something about it. https://www.nbcnews.com/business/markets/10-ceos-who-went-boardroom-cell-block-flna783944 https://www.nbcnews.com/business/markets/10-ceos-who-went-bo...
- brandall10 3y ago
  Martha Stewart was clearly an unusual situation where they were trying to make an example to hit hard in the public discourse. I don't think the average citizen will care so much. When it comes to white collar crime making some white lies to bolster shareholder confidence is not in the same orbit as the type of massive fraud for notable jail time cases over the last couple decades. At worst it should be a moderate SEC fine, perhaps a shareholder lawsuit if things don't turn out favorable. And this is assuming a lot that has to go wrong.
  - jacquesm 3y ago
    I don't presume to know what is the appropriate punishment for something like this. I do know that this is a high profile case and those attract attention of regulators because there is the opportunity to make an example. And I also know that people in fact did go to jail for what in monetary terms were far smaller offenses. Nadella isn't that stupid. I don't like him because he's just like Gates but with a lot more polish but I would not bet against him in anything concerning legal affairs. MS has some of the best legal minds in the industry, in fact I'd rate them higher on legal than I do on technical acumen.
    - brandall10 3y ago
      Again, they make an example because people are pissed off. Despite this saga making front page news, no one is going to care much about Satya making misleading claims about OpenAI IP ownership. The average person on the street will not lose their retirement fund from that revelation. The links to politicians, lobby efforts, the US economy, etc, etc... means something really egregious has to happen for jail time to be an issue w/ high level white collar crime. EDIT: Since I can't respond further to the chain - tons of people cared about Martha Stewart. They were sick of people in high society getting a slap on the wrist for things like this. It definitely was a cathartis... esp. from someone so unlikely.
      - jacquesm 3y ago
        Absolutely nobody was pissed off about Martha Stewart. And at least 700 people + a whole raft of well known investors are pissed off about the OpenAI situation, so if MS Execs commit securities fraud - a stretch to begin with - there will be a lot of support for such action. I'm trying very hard not to let my personal feelings about Microsoft cloud my judgment and if anything happened to Microsoft I wouldn't shed a tear (and might even open a bottle of bitter lemon). I don't see them committing an own goal like that. But, I don't think we're going to agree on this.

Ask Martha Stewart if she agrees with that statement. Unlikely doesn't mean it doesn't happen and the more high profile a case the more likely the SEC will do something about it. https://www.nbcnews.com/business/markets/10-ceos-who-went-boardroom-cell-block-flna783944 https://www.nbcnews.com/business/markets/10-ceos-who-went-bo...

brandall10 3y ago
Martha Stewart was clearly an unusual situation where they were trying to make an example to hit hard in the public discourse. I don't think the average citizen will care so much. When it comes to white collar crime making some white lies to bolster shareholder confidence is not in the same orbit as the type of massive fraud for notable jail time cases over the last couple decades. At worst it should be a moderate SEC fine, perhaps a shareholder lawsuit if things don't turn out favorable. And this is assuming a lot that has to go wrong.
- jacquesm 3y ago
  I don't presume to know what is the appropriate punishment for something like this. I do know that this is a high profile case and those attract attention of regulators because there is the opportunity to make an example. And I also know that people in fact did go to jail for what in monetary terms were far smaller offenses. Nadella isn't that stupid. I don't like him because he's just like Gates but with a lot more polish but I would not bet against him in anything concerning legal affairs. MS has some of the best legal minds in the industry, in fact I'd rate them higher on legal than I do on technical acumen.
  - brandall10 3y ago
    Again, they make an example because people are pissed off. Despite this saga making front page news, no one is going to care much about Satya making misleading claims about OpenAI IP ownership. The average person on the street will not lose their retirement fund from that revelation. The links to politicians, lobby efforts, the US economy, etc, etc... means something really egregious has to happen for jail time to be an issue w/ high level white collar crime. EDIT: Since I can't respond further to the chain - tons of people cared about Martha Stewart. They were sick of people in high society getting a slap on the wrist for things like this. It definitely was a cathartis... esp. from someone so unlikely.
    - jacquesm 3y ago
      Absolutely nobody was pissed off about Martha Stewart. And at least 700 people + a whole raft of well known investors are pissed off about the OpenAI situation, so if MS Execs commit securities fraud - a stretch to begin with - there will be a lot of support for such action. I'm trying very hard not to let my personal feelings about Microsoft cloud my judgment and if anything happened to Microsoft I wouldn't shed a tear (and might even open a bottle of bitter lemon). I don't see them committing an own goal like that. But, I don't think we're going to agree on this.