https://fortune.com/2021/12/01/microsofts-ceo-sold-stock-before-new-capital-gains-tax/amp/ So did most of the CEOs during 2021. https://www.marketwatch.com/amp/story/alphabet-ceo-pichai-sells-more-stock-as-prices-rally-to-a-record-11617992195 https://www.marketwatch.com/amp/story/google-co-founder-larry-page-sold-more-than-80-million-worth-of-stock-11644236122 Most of the stock depreciation bag holders are employees and c-suite. And then they say America has free economy when everything is manipulated. TC:405k
Why do Sundar Pichai’s teeth look really white? Did he have some work done on his teeth?
Sold his stonks for that exact reason.
Most prestigious pearly whites
What’s the problem with selling high ? They probably have access to information (from analysts or experts) that we don’t have
Satya would have been subject to a Washington state tax of 7% on his capital gains over 250k/year if he hadn't sold at the time which was being enacted at the time.
With that money he could have bought house in Idaho and cashed it out on his spouse name.
The real scam is almost every American’s primary retirement vehicle is the 401k. So common people are pumping trillions of base wealth into the market and bag holding for the rich
This actually keeps me awake at night sometimes.
Why not? Its a tax deferred account. You know of a better investment? Maybe real estate? Doesnt work for HCOL places
I didn't even notice you misspelled his name at first
90% of the stock market is held by 10% of the richest households in US. This is a free economy to manipulate if one needs to. Also, I know that Satya had to sell his to avoid Washington’s state tax on capital gains, but these CEOs have insights into the market pretty well. Musk had been saying in his tweets that later quarters of 2021 is when he expects the market to go down.
Do you guys know what a 10b5-1 is? They probably had an if statement in theirs that sold if the price got high.
These news were all over the place last year. Go and read Reddit and Blind posts from last year and everyone is like jUsT HoLd, sTOnkS onLy Go uP. I followed these CEOs and sold all options leveraged ETFs and risky stocks. The only manipulation was done by youtube and Reddit influencer fooling young people with crypto scams.
I wonder how much longer he will be ceo. About time for a change.
How is this manipulation? We were in a massive tech bubble and everyone knew it. I’m surprised they only sold 50%, I personally sold all my RSUs from previous companies in 2021. When you know you are getting more shares anyways you might as well sell when the price is up like it was.
The manipulation was that they spent the most in stock buybacks at the top, when they should be buying now. Artificially inflated the stock price at the top.
Ok next time they’ll give out dividends instead of doing buybacks. Problem solved?