4 ms·

As a billionaire, why commit insider trading for a few hundred grand in profit?

• bcrosby95 3y ago
  Because they're trying to get the high score.
  • datavirtue 3y ago
    This. Do not underestimate the power of bordem to ruin lives. When people get bored enough rationality fades quickly.
• isodev 3y ago
  Apparently it's only a problem if you get caught. How else is one supposed to become a "billionaire".
  • WalterBright 3y ago
    > How else is one supposed to become a "billionaire". Invest everything you have into a company that put batteries into a kit car.
    • deleted 3y ago
      [deleted]
• zabzonk 3y ago
  the greedy can never have enough
• ActionHank 3y ago
  Need to get all that money so one day when they grow up they can buy twitter.
  • arcticbull 3y ago
    That's best done with someone else's money haha.
• sgift 3y ago
  > The complaint alleges that Bechtolsheim "knew or was reckless in not knowing" that the information he was given was non-public There is a (small) possibility that he really didn't know (the second part of the complaint), but decided it's not worth a fight with the SEC cause it's such a small amount to him (and he has no interest in serving as an officer of a public company in the next few years anyway). Though, the version others have said is still more probable: Reach people wanna get more rich, no matter the method.
  • deleted 3y ago
    [deleted]
• LastTrain 3y ago
  Because the law rarely gets exercised and when it does the punishment is negligible, so I doubt it even factored into his decision. He's probably as surprised as anyone this happened.
  • toyg 3y ago
    Indeed. This was one occasion in which he was caught, but what's the chance he's already done it in other situations? Was this the first time he was privvy to market-sensitive information? Unlikely.
• lenerdenator 3y ago
  Because the system rewards it. Well, at least it did.