CalVolibrator, you seem to have a lot of knowledge in this area. What lead you to leave your desk, and what green pasture did you jump to?
I run my own mid to high frequency fund with focus on macro and currencies. Currency trading is fully systematized while macro trades are managed in a discretionary book.
yeah that was me. RIP. I could not hold back on a programming related topic and got suckered into this thread ;-) But hey, I vented, makes me feel much better...But actual point is that I try to portray a rational line of thought even though it comes across as being extremely aggressive. True but only because I cannot stand BS.
hmm you got evidence for that? http://articles.chicagotribune.com/...70313_1_goldman-sachs-group-stealing-employee In a statement, Teza said that after learning on Sunday of the allegations against Aleynikov, he was suspended without pay pending an investigation. Doesn't sound like they turned him in.
+1 How much value did he really steal? Assuming he was using the code as leverage to get the job at Teza, how much value was really there? Only a programmer can answer that. 90% of code written by programmers is an amalgamation of stuff copied off the internet, and from previous projects and jobs. In the wrong hands, this code is pretty worthless, in the right hands, it's just a way to save a little time. The value isn't in the code, it's in the programmer. In this case, I haven't seen the code so I can't judge the value, but my point is, this a judgement that only a programmer can make. And shouldn't the judge consider this before handing down a sentence?
Of course you are right. That's precisely the reason why he represented himself and only himself to his prospective employer in chicago without his usb stick dangling in his pocket around his cock and that is why it's ok to take with you code that belongs to your current employer. So, nothing wrong with any trade secret "checkouts and transfers to china" right? Because it should be up to interpretation by anyone and not a solid employment contract. And I am sure the Jury consisted only of Jews and was handpicked by Goldman. And while we are at it, the judge was promised a copy of the whole hft code stack by GS to be run on the judge's home machine if he made the "right" decision. So, you must be absolutely right. Let's get rid of general judges and employ traders, programmers, blue collar employees and aviation specialists to hand down sentences from now on.
that is not what is meant by the expression that a defendant should be judged by a jury of his peers.
I don't mind having a convicted drug dealer get 25 years to scare e rest of the bunch and nor do I care to have a convicted corporate thief get 8 to make a point. The American legal system allows for such sentencing on the basis of not only the case at hand but to also make a point to warn potential copycats.
http://en.wikipedia.org/wiki/Lady_Justice I'm afraid I'm a bit old fashioned, but I was not aware making a point was considered as being fair or just.