2 ms·
She'd go to jail, but it wouldn't be for breaking the gag order. It'd be because she was suddenly prosecuted for one of the other 1,000 illegal things that any
by 001sky 13y ago
She'd go to jail, but it wouldn't be for breaking the gag order. It'd be because she was suddenly prosecuted for one of the other 1,000 illegal things that any CEO does in a given quarter. Just ask the CEO of Qwest
Joe Nacchio was a simple crook. Full stop. Please stop with this meme. His unethical and eventually illegal activity had a long track record. His entire business career and the entire strategy of his Qwest acquisition was, in hindlsight, a giant fraud waiting to happen.
It is shitty public policy to have laws that are designed to be (unavoidably) broken. This puts everyone in the position of being a criminal, at the whim of 'selective enforcement'. This is a fair and valid point. The Qwest saga is a completely gratuitious data-point, in this regards.
Nacchio was convicted of insider trading in the shares of his own company. This means he witheld material information about the business from public SEC filings. That information was the essentially flawed strategy he had been pursuing was ultimately failing.