Unity bosses sold stock days before development fees announcement, raising eyebrows
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Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …

  • Andy@slrpnk.netEnglish
    55·
    1 year ago

    Why would executives sell shares of their own company in any case?

    I could imagine selling a handful of shares to finance a big purchase like a house, but otherwise they shouldn’t ever be cashing out while they’re in charge. If they think they’re serving the company, they should be holding onto their shares.

    • Szymon@lemmy.caEnglish
      91·
      1 year ago

      The flaw is the notion that they serve the company. This is a parasitic class which serves itself above all else.

    • 小莱卡@lemmygrad.mlEnglish
      2·
      1 year ago

      Stock buybacks, where a company buys its own stock to inflate stock prices and reward shareholders, are reeaally common practices. Obviously, shareholders have to sell stocks to cash out.