March 20, 2007

The Nacchio Trial Begins

Thomas Lambert

The insider trading trial of former Qwest CEO Joseph Naccio began yesterday. I’ve posted a couple of times (here and here) on Nacchio’s innovative defense, which the WSJ labeled a…

March 15, 2007

Insider Trading: Sin or Crime? (or None of the Above?)

Thomas Lambert

R. Foster Winans knows insider trading. A former author of the Wall Street Journal‘s Heard on the Street column, Winans was a key figure in an insider trading case that…

January 14, 2007

Revisiting Two Classics as the New Semester Begins

Thomas Lambert

Last Friday was the first day of my Business Organizations class. We began with two articles that have profoundly influenced my thinking about the world in general and the business…

July 12, 2006

Jenkins channels Manne

Geoffrey A. Manne

Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.”  Larry is, of course, on the case.  I would also — modestly — point out…

July 10, 2006

Anabtawi on Spring-loaded Options

Joshua Wright

Over at Professor Bainbridge’s place, Iman Anabtawi has some thoughts on the granting of “spring-loaded” options, an option granted at a market price that does not incorporate some favorable non-public…

July 1, 2006

On rigged(?) markets, casinos and Steve Bainbridge

Geoffrey A. Manne

Greetings loyal fans (i.e., “hi mom”) (actually, I’ve made this gag before, and so I think it’s time to set the record straight:   My mom has almost certainly — nay,…

June 22, 2006

An Insider Trading Policy a Monkey Would Love

Thomas Lambert

As Josh noted, Henry Manne recently published a WSJ op-ed arguing for liberalization of insider trading on efficiency grounds — chiefly, because such trading “aids capital allocation decisions and informs…

June 13, 2006

Henry Manne on Behavioral Finance & Insider Trading

Joshua Wright

When Henry Manne writes about insider trading, as he does this week in the WSJ op-ed, one can be sure that it is worth reading. The op-ed, which is the…

May 6, 2006

The Froth Is Back

Thomas Lambert

Today's WSJ reports that professional stock analysts employed by brokerage firms are up to their old sunny ways. These "sell-side" analysts came under fire in 2002 for rendering falsely optimistic…