Isn't this basically a kind of insider trading? They wouldn't be allowed to buy that stock, knowing that this deal is about to happen, but receiving it as part of the deal is okay? That doesn't feel right to me.

[–] genfood@feddit.org 48 points 4 days ago

Nah, they are rich so it should be fine.

[–] null_dot@lemmy.dbzer0.com 18 points 4 days ago (1 children)

The rules about insider trading only exist to make poor people feel better.

[–] psud@aussie.zone 0 points 6 hours ago (1 children)

They absolutely catch badly behaved wealthy people

[–] null_dot@lemmy.dbzer0.com 2 points 6 hours ago

Confirmation bias.

[–] psud@aussie.zone 14 points 4 days ago

Any deal involving whole percentages of stock will affect the stock price, it's insider trading when you get a call from someone at AMD before the deal is public, so you can profit. It's not insider trading for AMD executives to exercise their stock options (which they already had) to profit from the stock movement they just authorised

[–] IronBird@lemmy.world 11 points 4 days ago

the SEC does not exist under republican administrations and it only exists to protect rich people under democrat ones, as it has been literally since it was created.

whole goddamn US economy is built around speculation and insider trading trying to get an edge on that speculation

[–] MrSmith@lemmy.world 10 points 4 days ago

Do you think rule of law exists in the US?