BBBY CFO Suicide
Very sad.
The 988 Suicide & Crisis Lifeline (formerly known as the National Suicide Prevention Lifeline) is a United States-based suicide prevention network of over 160 crisis centers that provides 24/7 service via a toll-free hotline with the number 9-8-8.
https://www.crisistextline.org/
This is a good resource too. I used to volunteer here, and it gets heavy. They always need volunteers, you have to take a training course, but if you have some time to spare then it's worth it.
that's great, been meaning to find another way to give back.
Great for posting the crisis hotlines. It's pretty disgusting how quickly Forbes and several other publications just leapt right to churning out slam pieces on BBBY relating to the CFO. Something feels weird about this whole thing but I am not sure what.
He was named on a $1Bn insider trading investigation. More likely than not being faced with the possibility of loosing decades of success led to the decision.
The insider trading suit is such a blatant sham and will go absolutely nowhere. From what I understand, the numbers they cite for the gains made by Ryan Cohen are incorrect and they neglect to mention that as part of the insider seller rule a big chunk of them actually go directly to BBBY. The insider trading claim against the CFO is stupid because he only sold a puny portion of his own shares during the run-up last month as part of a trade which had been registered months in advance due to his position, maybe if he'd sold out entirely they'd have a case. Look up the reviews of of the law firm involved, they've filed multiple frivolous suits for companies that were going through financial difficulties and being targeted by seemingly coordinated media campaigns (and potentially shorting activity). Multiple publishers over the weekend were auto-generating articles on how BBBY is a dead company thanks to this latest development so fast that they didn't even bother to check that their bots had the right ticker (some mentioned Best Buy instead). Something stinks.
Oh wow. Thanks for pointing that out - great details. Seems like it was unrelated them, must have been how ugly the jenga building is....
I don’t know what he did or didn’t do, but he made a permanent decision to a temporary problem.
Worst yet is how the news and comments are coming. CNBC said the stock took a dive after his demise. Like really!?
Thoughtful post
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