Just make it illegal for a corp executive to sell shares for at within a year of any share buy back.
I just finished an event where I walked through SEC Commissioner Jackson’s data on stock buybacks. It revealed that CEOs are selling high to maximize their personal profits despite the cost to their workers and shareholders. Will the SEC reconsider regulations on this now?pic.twitter.com/dztJhN07ID
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Make them hold shares for ten years and incentivize them to do what is best for the long term health of the company and economy and not whats best for the short term stock price.
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With the #1 & #2 at the
#SEC , both former$GS tools (Clayton/Cohen), highly unlikely.https://twitter.com/BriefPelicans/status/1097669018343886848 … -
While at it, may as well want to address and repeal Congress' ability to legally trade on
#InsideInformation also.
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If the paper is in hand (evidence clear), and there is bipartisan support, what’s to stop this from happening very soon? What was the Commissoners stance?
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The SEC never enforce us anything. Apparently they don’t have enough money to enforce, but my feeling is that they don’t have the will. I’ve seen things, we’ve all seen things happen that the SEC should’ve stopped and WOULD not. Investigate. Clean house. Start over.
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You should take into consideration the research done by
@jposhaughnessy and team that shows executives who buyback the most shares often outperform the market long term and do so when shares are undervalued. I’d say these selling high CEOs are outliers. https://www.osam.com/pdfs/research/_28_Commentary_HighConvictionBuybacks.pdf …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Insiders should not be allowed to sell during buybacks.
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Buybacks can last for years. The limit should be some shorter time frame after the announcement of buy backs.
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does the SEC do anything anymore
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