Thursday, October 27, 2011

Let's keep watching the Gupta insider trading case.

Today's Wall Street Journal describes the nuanced issues in this case (here).

My take?  As long as boards are composed of people who frequently work with each other and who have more similarities than differences, there's no one there equipped to ask "why are we doing this?"  Without someone asking the questions, there's no reason for boards to change behavior.

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