Hmmm...but isn't the fiduciary duty of the CEO imputed in this case? From the Wikipedia article: in many jurisdictions, in cases of where a corporate insider

Hmmm...but isn't the fiduciary duty of the CEO imputed in this case? From the Wikipedia article: in many jurisdictions, in cases of where a corporate insider "tips" a friend about non-public information likely to have an effect on the company's share price, the duty the corporate insider owes the company is now imputed to the friend and the friend violates a duty to the company if he or she trades on the basis of this information.