“But the worst outcome of all would be to respond to uninformed public outcry by writing a bunch of unnecessary new rules (like we did with Sarbanes-Oxley and Dodd-Frank).”
new regulations create jobs! i definitely wouldn’t have gotten my job outta college if SOX wasn’t around.
DIBS, if he breached his fiduciary duties to the corporation and its stockholders, paying taxes and losing his job are not enough.
The corporation and its stockholders may have a valid claim against him.
If the corporation refuses to bring this claim, there is a mechanism for stockholders to cause the claim to be made.
When you steal from a store you don’t just have to pay taxes – you are punished in a way that is supposed to make people think twice about stealing. Same with breaches of fiduciary duty.
But the worst outcome of all would be to respond to uninformed public outcry by writing a bunch of unnecessary new rules (like we did with Sarbanes-Oxley and Dodd-Frank).
JB, if we’re to enact new insider trading rules, it HAS to strip congress of their immunity to insider trading. It’s a farce when they can do it and it’s legal and then get to do their holier than thou on others
“The system is totally capable of handling this situation appropriately.â€
How so? This dude got fired – but nobody is saying that the contract provision should be void. Should an officer be allowed to own stocks of companies that are his company’s target?
DIBS, working from home is not same as calling in sick. Our laptops come with a video cam which the bosses like to do video chats (ie just to check up on our behinds) and a softphone app which is a virtual phone that rings whenever anyone calls our desk phones. then there’s the IM’s, emails,… With these tech today, it aint the same as calling in sick from back in the day – ie bosses have lots of “big brother” tools to check on us. besides, I dont see how this is different then when I pop into the NYC office – ie boss is nj office so he doesnt physically see me either way (nyc office or from home)
“The system is totally capable of handling this situation appropriately.”
And it did.
I don’t know what most of you left wing libs thinks goes on in most investment firms but I bet in 99% of them, if this had happened, the employee would have been fired.
I’m sure Charles Schumer is thinking of how he can stick his nose further into this.
Well this is America. Anybody can file a lawsuit against anyone else for any reason.
“But the worst outcome of all would be to respond to uninformed public outcry by writing a bunch of unnecessary new rules (like we did with Sarbanes-Oxley and Dodd-Frank).”
new regulations create jobs! i definitely wouldn’t have gotten my job outta college if SOX wasn’t around.
wait, congress is doing a bunch of insider trading?
DIBS, if he breached his fiduciary duties to the corporation and its stockholders, paying taxes and losing his job are not enough.
The corporation and its stockholders may have a valid claim against him.
If the corporation refuses to bring this claim, there is a mechanism for stockholders to cause the claim to be made.
When you steal from a store you don’t just have to pay taxes – you are punished in a way that is supposed to make people think twice about stealing. Same with breaches of fiduciary duty.
But the worst outcome of all would be to respond to uninformed public outcry by writing a bunch of unnecessary new rules (like we did with Sarbanes-Oxley and Dodd-Frank).
JB, if we’re to enact new insider trading rules, it HAS to strip congress of their immunity to insider trading. It’s a farce when they can do it and it’s legal and then get to do their holier than thou on others
“The system is totally capable of handling this situation appropriately.â€
How so? This dude got fired – but nobody is saying that the contract provision should be void. Should an officer be allowed to own stocks of companies that are his company’s target?
DIBS, working from home is not same as calling in sick. Our laptops come with a video cam which the bosses like to do video chats (ie just to check up on our behinds) and a softphone app which is a virtual phone that rings whenever anyone calls our desk phones. then there’s the IM’s, emails,… With these tech today, it aint the same as calling in sick from back in the day – ie bosses have lots of “big brother” tools to check on us. besides, I dont see how this is different then when I pop into the NYC office – ie boss is nj office so he doesnt physically see me either way (nyc office or from home)
“The system is totally capable of handling this situation appropriately.”
And it did.
I don’t know what most of you left wing libs thinks goes on in most investment firms but I bet in 99% of them, if this had happened, the employee would have been fired.
I’m sure Charles Schumer is thinking of how he can stick his nose further into this.
Yes, MA has always been heavily Dem and of the highest taxes in the nation.
Good for them. All others take note….pay part of your health benes, just like everyone else has to