Larry Harris
Los Angeles Times
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Fortunately, all of these arguments are readily rebutted. There is no doubt that “most people believe that insider trading is simply unfair.” But more importantly, insider trading gives those in the know incentives to hide information from corporate boards, and from the public, to maximize their own trading profits. The financial crisis uncovered devastating problems with financial disclosure and corporate governance. “Eliminating insider trading rules would only make them worse.”
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‘These attacks rely on a political repurposing’Instant Opinion Opinion, comment and editorials of the day
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‘Notes on Being a Man’ by Scott Galloway and ‘Bread of Angels: A Memoir’ by Patti Smithfeature A self-help guide for lonely young men and a new memoir from the godmother of punk
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Why is crypto crashing?Today's Big Question The sector has lost $1 trillion in value in a few weeks
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Issue of the week: Do high-speed traders rig the market?feature Wall Street is abuzz over high-frequency trading.
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Issue of the week: How Yellen spooked the markets
feature At her first press conference, the new Federal Reserve chair made the mistake of indicating when the Fed would raise interest rates.
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Stop calling women ‘bossy’
feature Let’s ban “She’s bossy.” Instead, let’s try, “She has executive leadership skills.”
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Issue of the week: GM’s recall disaster
feature Mary Barra is facing “her first big test” since she took over as GM’s new CEO in January: a recall of more than 1.6 million vehicles.
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Issue of the week: Who gets Fannie’s and Freddie’s profits?
feature Fannie Mae’s and Freddie Mac’s shareholders want their money back.
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Issue of the week: Comcast buying Time Warner Cable
feature Has Comcast won the cable wars?
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Issue of the week: AOL’s million-dollar babies
feature AOL’s “gaffe-prone” CEO, Tim Armstrong, “got in some hot water” last week.
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Issue of the week: Why Google unloaded Motorola
feature Three years after shelling out $12.5 billion for Motorola, Google announced its sale to Lenovo Group for $2.9 billion.