Items tagged with insider trading
The very person Apple appointed to enforce insider trading policies at the Cupertino outfit has admitted to engaging in an insider trading scheme that spanned five years, the US Department of Justice announced this week. He could potentially spend several decades in prison and fined millions of dollars, though that...
Read more...
The Securities and Exchange Commission (SEC) is investigating Elon Musk and his brother, Kimbal Musk, for possibly violating insider-trading rules. The investigation stems from Kimbal selling some of his Tesla shares a day before Elon posted a poll on Twitter asking if he should sell 10% of his stock in the car...
Read more...
The chairman of GlobalFoundries board of directors, Hector Ruiz, has announced his resignation from the board and will step down on January 4, 2010, following a leave of absence. As we discussed last week, Ruiz has been fingered as the unamed "AMD Executive" in an insider trading scheme that began in the months before...
Read more...
Hector Ruiz served as CEO of AMD for nearly a decade and guided the company through both its strong success (Athlon 64) and lurching failures (paying $5.8 billion for ATI). He stepped down as CEO in July of 2008, after AMD reported its seventh consecutive quarterly loss, but became chairman of GlobalFoundries...
Read more...
I like clever people. Not smart people, exactly. Smart people do dumb things all the time. I'm talking about people who look at a situation a little differently than the rest of the crowd, and profit from it. Not cheaters. Inspired.So while everyone was lining up to pay an outrageous amount for an iPhone, because the item seemed nifty or cool,...
Read more...
