hilarious, you spent 2 minutes to pass very poor advice to an unassuming person yet probably digged around for 10 minutes or more to pull up this youtube.
If I would have to guess this sounds like Qualcomm based on recent events. I used to work for a company that had a policy of no shorting- They also also had restrictions of blocks of times during the year where you could liquidate positions. They had set up a specific recommended broker who would provide cashless account vesting so the majority of folks used this broker. I figured this was the only way they could actually monitor this policy so I never used them. I paid my option price received the shared deposited to my broker and sold anytime I wanted. The only people I told was the IRS. Years later I retained friendship with the CEO of that company ( we had both moved on) I mentioned this to him and his response was VERY positive that I did the right thing.
A very practical and good recommendation that also approves my recommendations. Basically the law is general and almost all the time, the company does not approve short selling based on security regulations but almost everyone does it and based on the trade volumes of regular employees, no one cares. It is like speeding. 95% of drivers go over speed limit and even pass the marked cars and the cops do not care. Driving 70 miles in a 55 miles limit but if you have a red car and not too many cars are on the road and you drive 90 miles on the speed line, you are asking for trouble.
All in the name of pocketing just another dime for yourself. I would love to hear from you whether that CEO ever publicly admitted to his stance towards such behavior. I bet my life he did not and if he indeed did not that only proves he does not feel he is approving of the right thing. Looks then more like you BSed by him big time...
And that makes it right? What an idiot you are. So drinking a bit while driving is also ok as long as people stay in control? The occasional killed person on the street by a drunk driver is just collateral damage? This world is what it is because of assholes with attitudes like yours. There are laws and regulations in place for a purpose. Most often such purpose serves the greater good unless of course retards like you believe laws are meant to be broken. Nobody is perfect but we could at least try our best instead of constantly looking to put others at a disadvantage for the sake of personal gratification and enrichment.
My goal in the market is to buy low and sell high- I never have guilt. I would never 'bet my life' as you have done so I suspect I am a bit better at risk management than you. Yes he public ally admitted this - He did so all legally. He sold on the last day and then he resigned sending a clear message to anyone with half a brain. And fyi- It was a bit more than a dime. Sold at 97 and 104 if I recall. Today I just checked it is a big Goose egg.
Please guide me to the righteous path, my innocent angel from heaven. We are listening to your preaches.
Just stop to advocate breaking company employment agreements (which often stipulate not trading in the firms own stock without preauth). That would already go a long way. What you personally do is your own choice and you will be treated according to your own choices. But publicly approving of dilinquent behavior is not just childish but outright unwise.
Mate you still did not get the point: what that CEO did (if even remotely true) is outright unethical and if any future hiring committee got wind of this your CEO friend would with absolutely certainty not be hired.