It's worth noting that the major mobile company's largest single customer is almost certainly the federal government. And, many of them fear being Nacchio-ed if they don't toe the line.
Does "Nacchio-ed" mean "get caught having improperly sold tens of millions of dollars of stock of the giant telecom company he ran, in the whirlwind of prosecutions following the collapse of Enron and Worldcom"?
Because that's what happened to Nacchio.
Oh come on, Nacchio was clearly guilty. HN is just becoming conspiracy central it seems.
A lot of people are guilty of a lot of things and don't ever get investigated or prosecuted. I agree with you that people take things a little far, but I think it's hardly conspiratorial thinking to acknowledge that the DOJ selectively pursues cases based on other factors than the crime committed.
A lot of people are not guilty of insider trading.
Nacchio broke multiple laws every day, just like you and I do. They were always going to be able to find something.
What laws do you break every day that are on the same order of magnitude as insider trading laws?
Our opinion about what laws "matter" isn't important. We're not the ones who get to decide.
Definitely makes it easier for them to find something when that something grosses you almost 40 million dollars.
The idea that DOJ was targeting based on something other than the crimes committed isn't supported unless there are people guilty of the same crimes -- not just the same number of crimes -- that were not pursued.