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For comparison, that's enough to have saved almost all of the jobs that were cut... 1500 lives were ruined so this guy could add some zeroes to his bank accoun
by gamblor956 3y ago
For comparison, that's enough to have saved almost all of the jobs that were cut...
1500 lives were ruined so this guy could add some zeroes to his bank account.
(For all those commenting on 10b5 sales: note that the layoffs were timed to match the scheduled sales so that the executives could reap the windfall from the increased stock prices resulting from the layoffs. This has been a strategy for at least a decade now and is drawing increasing scrutiny because it's basically an endrun around insider trading rules.)