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cross-posted from: https://lemmy.ca/post/5340114
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Original Discussion[1]San Francisco police told Polygon that officers responded to Unity’s San Francisco office “regarding a threats incident.” A “reporting party” told police that “an employee made a threat towards his employer using social media.” The employee that made the threat works in an office outside of California, according to the police statement.
Even better than fake, it’s self-inflicted.
The fact that Unity board of directors haven’t fired the CEO shows that they are A-OK with this.
This is the problem with the shareholder mentality that’s ruining a lot of products and services. They don’t give a damn about the longevity of the company. They only care about money now; and as soon as things go sour, they’ll sell their shares and move on to the next company.
Taking your company public is like giving it cancer
I picture it as taking off in a plane full of their employees and customers, and climbing as high as possible. Then, as soon as the engines stall or fuel runs out, the execs casually jump out and pull the ripcords on their golden parachutes.
There should be law forcing major players in the market to commit for 10 years + when they buy shares above a certain threshold and when those 10+ years pass they should be forced to justify when selling. Might be dumb but just saying as things are the market/system will just rot on the daily. Shits corrupted to the core imo.
IPOs usually come out with something like that, investors who commit to not sell their shares for half a year or maybe a year. After that… it’s each one for their own.
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Honestly, they’re probably in on it. Greed is all this is.
Absolutely, that’s why they all sold their stocks before they announced this
I know that execs have time windows they have to be in to buy and sell their stocks, and it has to be planned months in advance, but a massive TOS change like this doesn’t happen overnight or without buy in all the way to the top. They absolutely planned this, and I hope the SEC nails their asses to the wall over it.
yeah I’ll admit i don’t know much about how all this stufd works, but thanks to others i also found out about these rules. But imo those time windows are absolutely useless in preventing insider trading if they plan to do both things in the same time window anyways