Indeed, usually erring on the side on anti-intellectuals, you know... those bunnies on certain TV channels who by default only wear pointed toe heels, and otherwise believe covid is fake but insist that big fat businesses bless the rest of humanity out of their humanitarian goodwill. According to them we should all embrace capitalism without any regulations and limitations, in the name of free land, free spirit, free will. Where the middle class has arrived at today is a perfect reflection of such belief system.
If Elon Musk canot keep his his twitter mouth shut should SEC/ U S Attorney indict him?
- Thread starter iceman1
- Start date
what if Elon told his father-in-law, verbally, that he's going to sell $5 billions of Tesla stock, then the father went on to tell his brother about the hush hush news, then the brother bought 200 puts of Tesla Nov puts. Would this set off alarm at SEC?
This would be outright insider trading. But I am afraid you miss the point. If Elon or you already test every loophole there is don't you think that you have already crossed the ethical or moral line? What do you believe destroys our lives and this world more, illegal behavior by a few that we as society prevent to a large degree through laws and the prosecution of transgressors? Or unethical and immoral behavior that might not be illegal? I undoubtedly believe in the latter.
"what if Elon told his father-in-law, verbally, that he's going to sell $5 billions of Tesla stock, then the father went on to tell his brother about the hush hush news, then the brother bought 200 puts of Tesla Nov puts. Would this set off alarm at SEC?"
In heartbeat. First 200 options requires LOPR report. Large Options Position. Plus Musk did a filing with SEC - I guess he learned from last time.
In heartbeat. First 200 options requires LOPR report. Large Options Position. Plus Musk did a filing with SEC - I guess he learned from last time.
So many things wrong with this post, I don't even know where to start and won't.
Your disagreement is duly noted but adds so little value you could as well have saved your ink.
The butterfly is certainly having an effect on you.
buzz words and connotations don't make you appear more educated, just more arrogant ;-)
If all you want to do is sit on your throne and judge post content then make it clear, if you have an interest to engage then happy to do so. I tried to make a point regarding the values in a society we should espouse and which should aim at improving the rule of law in order to benefit a broad segment of society not just enrich a few at the expense of most others. That was my main point in case it got lost on you.
If all you want to do is sit on your throne and judge post content then make it clear, if you have an interest to engage then happy to do so. I tried to make a point regarding the values in a society we should espouse and which should aim at improving the rule of law in order to benefit a broad segment of society not just enrich a few at the expense of most others. That was my main point in case it got lost on you.
I think it's very important to differentiate values and morals from laws, particularly for businesses. Laws are a codified evolution of values and morals in modern democracies and only laws should be the rule, otherwise businesses will constantly be sued for one intent or lack of by one special interest group or another.
The most glaring example today is Facebook or whatever it's now called. They found themselves the punching ball of every group in the world while adhering to the law. Politicians paraded their tough scolding of Zuckerberg who had little to say in response. But the failure isn't Facebook, it's the US political system's inability to perform their role as lawmakers.
Asking businesses to operate on values and morals are a dangerous double edge sword. You may not like at all what values and morals some of your neighbors have.
You make some valid points. Thanks for explaining your stance. Can't conflate wrongdoing as defined by law with ethical or moral values. But we should not stop short of looking through the ethical and moral lens when judging the behavior of leaders in government or corporations. They should be held to higher standards even if not required by law. Striving for improvement in life always means we look for improvements of existing law code. Facebook has brought about an entire generation of entitled highly emotionally needy people who live with mom and dad who believe everything has to be served up on a silver platter. I find it fully deserved that Facebook is vilified right now because they carry a lot of responsibility and blame. That some pundits do so self servingly always happens in society. But the underlying rational is valid.