A Collection of Thoughts & Discoveries

Technology, Business, Giving, Etc.

  • “There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.” Ernest Hemmingway
  • “Judge each day not by the harvest you reap, but by the seeds you plant.” Robert Louis Stevenson
  • “We must be the change we wish to see in the world.” Gandhi
  • “Noble deeds that are concealed are most esteemed.” Blaise Pascal
  • “A creative man is motivated by the desire to achieve, not by the desire to beat others.” Ayn Rand
  • “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” John D. Rockefeller
  • “Honesty is the first chapter in the book of wisdom.” Thomas Jefferson
  • “Sense shines with a double luster when it is set in humility. An able yet humble man is a jewel worth a kingdom.” William Penn
  • “There is a great satisfaction in building good tools for other people to use.” Freeman Dyson
  • “You don't know what you can learn until you try to learn.” Ronald Coase
  • “Let us so live that when we come to die even the undertaker will be sorry.” Mark Twain
  • “Create more value than you capture.” Tim O'Reilly

WSJ: Arrests Made in Insider Trading Probe

The Wall Street Journal has an article today on the the case of outside "consultants" working for Apple, Inc., Dell, and AMD who were being investigated for supplying information used for insider trading schemes.

It appears that AMD is the victim of an insider-trading scheme. An A.M.D. spokesman.

The individuals involved in supplying "highly confidential" information to others were well paid "networking consultants". Compensation for such transgressions are said to be in the "hundreds or thousands of dollars". The FBI is claiming that the four arrested were paid around $400,000 over time for their information provided to "hedge funds and other traders". This is said to have gone on over a period of time.

It’s always amazing how someone will throw their career, their reputation, and their family’s comfort away for a few thousand dollars.end of article icon

UPDATE: Today the WSJ published an article describing yet another insider providing information concerning insider trading events involving hedge fund managers. One wonders how widespread this problem really is (or maybe “wonder” is not really the word I mean here).

Posted on Saturday, December 11, 2010 in Everything Else


Commenting is not available in this channel entry.