Ironic, we have been railing about this for some time now. Glad to see the WSJ picking up the baton.
In 2007, a top securities regulator warned that executives could be abusing preset plans to buy and sell their companies stock “to facilitate trading based on inside information.””Were looking at this—hard,” Linda Chatman Thomsen, then-enforcement chief at the Securities and Exchange Commission, told a conference of corporate lawyers.