There should be mandatory continuing ed for upper level managers, to keep them from looking like morons if nothing else.
From the WSJ's Lae Blog:
If there’s a lesson to be learned from Thursday’s ten-page criminal complaint accusing Bristol-Meyers Squibb executive Robert Ramnarine of insider trading, it’s that Yahoo searches are no place to learn how to get away with it.HT: Professor Bainbridge
Mr. Ramnarine, who served as assistant treasurer for capital markets at Bristol-Meyers Squibb from June, 2011, was charged in New Jersey federal court with three counts of securities fraud related to alleged insider trading in the stocks of three companies Bristol-Meyers was targeting for acquisition.
According to the complaint, about a week before some of the alleged trading, Mr. Ramnarine opened up Yahoo on his office computer in Princeton, NJ and entered a flurry of searches, including “can option be traced to purchaser,” “can stock option be traced to purchase inside trading,” “insider trading options traceillegal [sic].”...MORE