They have those in the US too.

Such an obvious scam. “Do this thing that might lower your rates.”*

~in 99.99% of cases rates increased~

Isn’t everyone’s phone also their refrigerator?

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The point is this is one sale of many.

Yes, hypothetically the CEO could influence the date an announcement is made for their own personal gain, but it’s not worth it and there will be many more sell events in the future.

Long run, trying to scheme an announcement to gain more at 1/100 sales isn’t worth it.

CEO John Riccitiello shifted 2000 shares last week on 6th September, … part of a trend over the past year where the exec has sold more than 50,000 shares in total and bought none.

This is a drop in his equity bucket and any gains this article implies are due to “insider trading” will disappear in subsequent events.

These stories are so dumb/intentionally misleading/outrage bait.

Executives have predefined stock sale schedules at regular intervals. This allows them to convert their equity to cash and avoid conflicts of interest. That is, it’s hard to gain an advantage over the market when you sell exactly the same amount every month for the next 4 years.

Where was everyone’s outrage the other 99% of times this guy sold exactly the same amount of stock?

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