Well, I think the definition applies when the thought was that the reason the CEO was able to cash out was because he set different rules for himself from his employees, as was explained, and that he knew the true outlook of the company which was bad, as was explained. What more do you require to understand the situation?
I mean, if the CEO told everyone up front about the tactics he was going to use to allow him to cash out early that also prevented everyone else from doing the same at the same time and also that the future of the company was all downhill; then maybe you have a point.
Maybe saying they were cheated is a better phrase for you?
If you don't agree that that's fine. Which, by the way, I have a bridge for sale you might be interested in...
If we're talking about pay structure and access to the executive washroom, then no.
If we're talking about employees and the CEO having equity in the same company but the CEO can cash his equity any time he feels like it while the employees cannot then there's a problem. Especially when said CEO seems to be doing questionable things to pump up the value of his stock that later collapses so that when employees finally can get money there's no money to be had.
I find it disturbing that you seem to think there's nothing wrong in this situation. There's no way you can say that the actions and behaviors of this CEO and company are the norm. If you don't understand that at this point then I'm unable to explain it to you. In this case we'll just leave it with you have your opinion and I have mine.
I never said I find it ok what the CEO did, but that's not the reason the stocks crashed, the reason being that Zygna just does not work as a business model.
And the reason they've lost their "money" is not because of the CEO having different rules.
I mean, if the CEO told everyone up front about the tactics he was going to use to allow him to cash out early that also prevented everyone else from doing the same at the same time and also that the future of the company was all downhill; then maybe you have a point.
Maybe saying they were cheated is a better phrase for you?
If you don't agree that that's fine. Which, by the way, I have a bridge for sale you might be interested in...