Stories
Slash Boxes
Comments

SoylentNews is people

posted by janrinok on Monday September 11 2017, @07:27PM   Printer-friendly
from the malice-or-coincidence? dept.

Submitted via IRC for SoyCow5389

The sale of nearly $2 million in corporate stock by high-level Equifax executives shortly after the company learned of a major data breach has sparked public outrage that could turn into another hurdle for the credit rating agency.

The sales all occurred before the company publicly reported the breach, a disclosure that quickly sent its stock tumbling. The timing of the sales could attract federal scrutiny, legal experts say, though proving insider trading would be difficult. A company spokeswoman said the executives did not know about the breach when they sold their shares.

“It certainly would be exactly the type of trading pattern before a high-profile event that the [Securities and Exchange Commission] would investigate,” said Brandon L. Garrett, a professor at the University of Virginia School of Law. “Even if they do not bring charges it is the type of conduct that a company should not tolerate in its executives. It sends a terrible message to the public and to customers.”

The SEC declined to comment on whether it was investigating the matter.

Source: https://www.washingtonpost.com/news/business/wp/2017/09/08/outrage-builds-after-equifax-executives-banked-2-million-in-stock-sales-following-data-breach/


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Tuesday September 12 2017, @03:44PM (4 children)

    by Anonymous Coward on Tuesday September 12 2017, @03:44PM (#566779)

    How many black people voted for Trump in the election? Serious question.

    About 8% of black voters leaned Trump, according to http://www.pewresearch.org/fact-tank/2016/11/09/behind-trumps-victory-divisions-by-race-gender-education/ [pewresearch.org] ... there you are! Serious question, serious answer at no extra charge!

    "You shouldn't have voted for Trump" != "You should have voted for Hillary". Logic fail.

    OK, sure, how would you have preferred to shame them on their Trump vote?

    "Shoulda stayed home." "Hahahahha!"

    "Shoulda written in Bernie." "Are you kidding me?"

    "Shoulda voted Stein." "Check your meds, dude."

    But please, do go on and explain how you'd shame them for something where they think you're wrong and they're right. Please. Incorporate all available details into your response, because this will be a party of magical thinking and denial...

    Exactly what "political interests" are you talking about? I'm at a loss to understand you here.

    Precisely. You don't understand. You don't get it. You don't see their point of view, and don't want to. Which is why your little project of shaming those who feel no shame over the topics that you think should matter to them, is doomed to shipwreck.

    ????? What anti-Jewish rhetoric from the left are you talking about? Please be specific.

    What do the cool kids say these days? Oh, right, let me google that for you: http://www.google.com/search?q=left-wing+antisemitism+USA [google.com]

    I really can't say for certain but, somehow, I have my doubts about your neutrality. Just sayin'.

    Sure. Whatever. Don't care. For the record: I care about good public policy, not labels. I care about functional societies (duh! because I want to live in one!) and flag-waving partisanship from all sides is a problem for that.

    Oh, and I'm not even american, so there's that...

    Again, opposition to Trump != being for Hillary. When are you alt-right types going to get that through your thick skulls?!?

    I don't know. Show me an alt-right guy and I guess I'll ask him. But it's a matter of electoral mathematics that in the USA there were two plausible alternatives, and the one that wasn't Trump was Hillary. Don't like it? Change the constitution and the electoral college in particular. Anything else in the current system was an abstention, a spoiled ballot or a protest vote. Don't want to cope with that? Well ... I guess denial is cool, and if you want to live there I propose that you never look up the mathematics of party support in the USA's electoral system.

  • (Score: 0) by Anonymous Coward on Tuesday September 12 2017, @05:19PM (3 children)

    by Anonymous Coward on Tuesday September 12 2017, @05:19PM (#566858)

    How many black people voted for Trump in the election? Serious question.

    About 8% of black voters leaned Trump

    "Leaned" Trump? What exactly does that mean? Did they, or did they not, vote for Trump? But the larger point which seems to have escaped you is that 8% is barely above a statistical fluke. (Most polls have a margin of error around 3%.)

    "You shouldn't have voted for Trump" != "You should have voted for Hillary". Logic fail.

    OK, sure, how would you have preferred to shame them on their Trump vote? [....] But please, do go on and explain how you'd shame them for something where they think you're wrong and they're right.

    Look, you blithering assclown, the point which is as plain as the one atop your head is that there were more than two candidates on the ballot! Whether people are ashamed of their Trump vote (or not) is neither here nor there.

    Exactly what "political interests" are you talking about? I'm at a loss to understand you here.

    Precisely. You don't understand. You don't get it. You don't see their point of view, and don't want to.

    I note that you didn't answer my question. Is there a reason why you didn't answer? Do you even have an answer? Or was your blather about "political interests" merely empty rhetoric?

    ????? What anti-Jewish rhetoric from the left are you talking about? Please be specific.

    What do the cool kids say these days? Oh, right, let me google that for you: https://www.google.com/search?q=left-wing+antisemitism+USA [google.com]

    Let me just quote a couple of headings from the wikipedia article that topped the list from your little google search which, by the way, reads a bit like an alt-right apologist's defense of Isreal (suddenly I feel oily and greasy all over - Blech!). "Criticism of Israel is not always antisemitism". And, much of what your apparent "heroes" label antisemitism appears to be "a political ploy to stifle criticism of Israel". While I am a supporter of Israel, that doesn't mean that I give unflinching approval of everything they do. Sometimes they do need to be called out on their egregious behavior. And, no, that does not mean everything they do is egregious.

    Again, opposition to Trump != being for Hillary. When are you alt-right types going to get that through your thick skulls?!?

    I don't know. Show me an alt-right guy and I guess I'll ask him. But it's a matter of electoral mathematics that in the USA there were two plausible alternatives, and the one that wasn't Trump was Hillary. Don't like it? Change the constitution and the electoral college in particular.

    I didn't say anything about not liking it. I asked you to explain yourself. And what I got back was mostly bluster and empty posturing. To say that I am disappointed doesn't begin to plumb the depths.

    • (Score: 0) by Anonymous Coward on Tuesday September 12 2017, @07:28PM (2 children)

      by Anonymous Coward on Tuesday September 12 2017, @07:28PM (#566929)

      "Leaned" Trump? What exactly does that mean? Did they, or did they not, vote for Trump? But the larger point which seems to have escaped you is that 8% is barely above a statistical fluke. (Most polls have a margin of error around 3%.)

      Sure. Fine. Even assuming that only one in twenty black voters went for Trump (the low end of the margin of error there) that's still enough people to fill a city like Seattle. Depending on how the margin of error goes (including black voters who wouldn't admit to pollsters that they'd consider Trump), we could be talking about millions of people. Not just a knitting circle or a book club, kind of numbers.

      Look, you blithering assclown, the point which is as plain as the one atop your head is that there were more than two candidates on the ballot! Whether people are ashamed of their Trump vote (or not) is neither here nor there.

      From earlier in this thread: Anyhow trump is contained but he fucking sucks and shaming his voters is fair game. Maybe they'll give up their conspiracy theories once their memories are filled with painful memories of being teased by smart people who turned out to be right.

      The source of the topic of shaming is left as an exercise for the reader.

      I note that you didn't answer my question. Is there a reason why you didn't answer? Do you even have an answer? Or was your blather about "political interests" merely empty rhetoric?

      OK, since you insist and you can't work it out for yourself: people who voted for Trump weren't necessarily counting dollars and cents in political promises, but were looking for policies. Some were anti-globalisation, or at least anti-NAFTA. Some were anti-warmist. Some were anti-abortion. Some were pro-gun. Some were anti-Hillary for a variety of reasons. Some were pro-military (or even in favour of greater military interventionism, or unleashing the military in the pursuit of political objectives). There are lots of reasons why people might have voted for Trump, or republicans in general, that have nothing to do with their immediate perceived economic interests, and plenty to do with their immediate perceived policy interests.

      There you go. Some actual examples and facts for you to dismiss as blustering and posturing. Some even with numbers! Pleasurably awaiting your next dignified and thoughtful dismissal ...

      • (Score: 0) by Anonymous Coward on Tuesday September 12 2017, @08:41PM (1 child)

        by Anonymous Coward on Tuesday September 12 2017, @08:41PM (#566953)

        Depending on how the margin of error goes (including black voters who wouldn't admit to pollsters that they'd consider Trump), we could be talking about millions of people.

        Sorry to tell you this, but it's roughly an order of magnitude smaller. That army of black supporters standing behind you to back you up is quite a bit smaller than you suppose.

        The source of the topic of shaming is left as an exercise for the reader.

        Yeah, it sucks when reality comes crashing down upon you. An adult admits when they are wrong and seeks to correct their mistake. A juvenile will posture and bluster, insisting that s/he meant to do that in a desperate attempt to save what little face they have left. A small child will just throw a temper tantrum, rolling and writhing on the ground as they stamp their feet. So far, Trump voters are not showing us a very flattering picture of themselves. The scary thing is they (still) get to vote.

        Some were anti-globalisation, or at least anti-NAFTA.

        Trump supporters are anti-globalisation just for the sake of being anti-globalization? I always thought that was about saving American jobs.

        Some were anti-warmist.

        And "anti-warmist" just for the sake of being anti-warmist? Again, I thought that was about saving their jobs.

        Some were anti-abortion.

        OK, I will actually give you the anti-abortion argument, although I wouldn't be surprised if Gorsuch ends up being another Souter-like disappointment. I wonder: if Gorsuch does end up being another Souter, do you suppose that any Trump supporters will then admit they were wrong? Hmmmm.

        Some were pro-gun.

        About the pro-gun thing, if Sandy Hook couldn't do it then I doubt that any gun regulation legislation is ever going to be passed within my lifetime.

        Some were anti-Hillary for a variety of reasons.

        Such as...?

        Some were pro-military (or even in favour of greater military interventionism, or unleashing the military in the pursuit of political objectives).

        Yeah, I'm getting tired of people waving their "pro-military" bona fides around as some sort of penis substitute. And, might I point out that Hillary was no shrinking dove, either as a candidate or when she actually served in government?

        • (Score: 0) by Anonymous Coward on Tuesday September 12 2017, @09:26PM

          by Anonymous Coward on Tuesday September 12 2017, @09:26PM (#566964)

          Sorry to tell you this, but it's roughly an order of magnitude smaller. That army of black supporters standing behind you to back you up is quite a bit smaller than you suppose.

          http://www.pewresearch.org/fact-tank/2017/05/12/black-voter-turnout-fell-in-2016-even-as-a-record-number-of-americans-cast-ballots/ [pewresearch.org]

          The number in question is recorded to 16.4 Million.

          If we take the earlier referenced 8% as out starting point, and assume swings possible of 3% in either direction, that gives us 5% and 11% as values to consider. 5% of 16.4 million is 820,000 (which is the ballpark of the population of a medium-large city such as Seattle). However, 11% of 16.4 million is over 1.8. While I'll grant you that it isn't a gargantuan number, and rounds up to two million, it sure as hell isn't an order of magnitude off. Not even a binary order of magnitude. At best the most conservative estimate could be suggested to be an order of magnitude off , especially if it's binary that you mean, but the other side of the estimate is readily cast as, to put it in financier's terms: seven figures.

          But ok, sure. I'm sure all the OTHER Trump supporters were KKK members, right? And all those nasty Uncle Toms who voted for him were just beaten by white supremacists until they got Stockholm Syndrome. You can't blame them. It's the evil trumpeters!