albertpenello

albertpenello t1_jefyyru wrote

Reply to Is this a scam? Someone left a note saying I hit their car by crd1992

I had a lady do this to me once - I had an old 66 Buick and I parked next to her, and she came back saying I hit her. She was already parked when I drove up I have a big metal bumper and she's in a 90's plastic-mobile. NO WAY I touched her.

So I'll suggest the same thing you do that I did:

If you think you did something, take responsibility

If you think you didn't do it, honestly, then ignore it, and sleep well at night.

I take responsibility for mistakes I MAKE, but I"m not taking responsibility when I didn't.

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albertpenello t1_jaey753 wrote

Reply to ELI5: How can CEOs/Officers/Execs/etc of a company buy their own stock it not be insider trading? by ksquires1988

Short version? They can't.

Long version? Can you give a more explicit example of what you are asking? Beascue your question doesn't make sense completely.

Nearly all CEO/C-Suite members of major companies have no active involvement in the trading of their stock, to avoid this exact issue.

Meaning, when they buy and when they sell are pre-determined by the trading windows the company establishes. C-suite members don't "buy" stock in the traditional sense, they get stock grants as part of their compensation package, or some employee stock purchase program, again the timing of which they have no control over.

How MUCH they sell may have some leeway although I'm sure there are guidelines. But C-Suite execs likely hold stock as long as they can while it's going up, and they may be able to sell more (or less) in the defined periods based on some insider knowledge, although again they can't control the timing so as to avoid any insider trading rules.

The only other way a C-suite exec can buy their own stock is part of say in index or other fund (which I'm sure doesn't count when they sell) or if they buy common stock on the market.

It's only in this last case where there might be some "insider" trading but I'm not aware of any situation where a CEO or other exec has purchased common stock of their own company, to sell later based on inside knowledge. I'm sure it's happened, but it's going to be very uncommon as this action would cause ALL KINDS of red flags to be raised.

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