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Not sure I'm asking this correctly: As an officer in a Public Company, does this behavior impugn him as CEO or the company in any legal way?
by ncr100 1y ago
Not sure I'm asking this correctly: As an officer in a Public Company, does this behavior impugn him as CEO or the company in any legal way?
- rwmj 1y agoI think only if anyone believed him. Since no one does it has no material effect on the stock price.
- skort 1y agoSo if nobody believes him, why is he a highly compensated executive? Shouldn't he be relieved of all responsibilities? Even if he owns a majority of controlling shares, that should be a red flag that the guy in charge has no clue what he's doing. It's wild that we just treat this behavior as normal.
- aprilthird2021 1y agoWell, sorry, the point is that if no one believed him, it's clear he misspoke because he is highly competent. People are not jailed for misspeaking. Also, any kind of charge for securities violation requires more than misleading public statements. There needs to be intention to deceive and intention to capitalize on that deceit, probably neither are here either
- greekrich92 1y agoNot sure if you've noticed, but laws aren't real for them anymore as long as they're at that table
- tempodox 1y agoTrue, not even limited to that table only, but disappointing uncle Donald could have consequences.
- mrandish 1y agoI don't know about "impugn him" but there are SEC regulations and legal standards for when a public company CEO makes "forward looking statements", however the standards are looser when speaking casually vs in an earnings call or in regulatory filings. Plus how much a company currently expects to spend toward a specific initiative isn't a number likely to cause shareholder litigation like revenue, earnings, margins or share price. You pretty much never hear a public company CEO put numbers on those outside of an earnings call.