this post was submitted on 15 Mar 2024
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558
Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 8 months ago by ylai@lemmy.ml to c/technology@lemmy.world
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[–] AbidanYre@lemmy.world 51 points 8 months ago (2 children)

How is that even legal?

[–] mods_are_assholes@lemmy.world 31 points 8 months ago (1 children)

Simple: the rich make the rules

[–] ylai@lemmy.ml 19 points 8 months ago (1 children)

[–] fjordbasa@lemmy.world 8 points 8 months ago

I learned that from Jafar in Aladdin!

[–] cbarrick@lemmy.world 13 points 8 months ago

It's private equity. So presumably they have more discretion around buy backs than public stocks.