I know it's illegal. The first thing I thought when I heard about Equifax exec selling their stock is "they are playing with fire, this sure looks like illegal insider trading". And I am nobody, and haven't lived in US for that long. CIO of a major corporation surely knows these things better than me. So either he knows a loophole I don't know (completely possible), or he had some hopes that what is illegal for me won't be for him. I am curious as to why he thought that.
> I mean, he didn't know that you have to keep track of vulnerabilities in the JARs you package into Internet-facing web services
I won't actually blame him for that. I mean, it was his screwup, as a CIO, but one that could happen to everybody, given some bad luck and some routine mistakes everybody could make from time to time. So here I am not surprised how it happened, I may not know the details but I am pretty sure I understand the general gist of how they got there. The trading part is different - here it's an apparent blatant and willful illegal conduct that is in the open and will be caught. Why a smart and successful man does it? I am curious.
> I mean, he didn't know that you have to keep track of vulnerabilities in the JARs you package into Internet-facing web services
I won't actually blame him for that. I mean, it was his screwup, as a CIO, but one that could happen to everybody, given some bad luck and some routine mistakes everybody could make from time to time. So here I am not surprised how it happened, I may not know the details but I am pretty sure I understand the general gist of how they got there. The trading part is different - here it's an apparent blatant and willful illegal conduct that is in the open and will be caught. Why a smart and successful man does it? I am curious.