| mrgoodcat | the site equifax set up to see if you were affected by the breach is the most phishy domain i've seen in a while | 15:42 |
|---|---|---|
| jrwren | don't use it. | 15:43 |
| cmaloney | good morning | 15:51 |
| cmaloney | It's essentially a flip of the coin | 15:51 |
| greg-g | if you sign up for their credit monitoring service for free with it you forfeit your rights to sue (class action or otherwise) | 16:22 |
| greg-g | I haven't made up my mind yet | 16:22 |
| cmaloney | Yeah, screw that | 16:23 |
| greg-g | 1) credit monitoring = good I guess? 2) they'll probably make it hard to cancel 3) maybe I'll get $5 from a class action settlement? 4) ugh | 16:23 |
| cmaloney | I'm not abou to get a service from a company that shouldn't exist in the first plae | 16:23 |
| cmaloney | place | 16:24 |
| greg-g | word | 16:24 |
| cmaloney | They've inserted themselves into this system and have made themselves part of the problem | 16:24 |
| mrgoodcat | some execs apparently dumped stock before the announcement | 16:45 |
| greg-g | yeah, saw that, good times | 16:46 |
| cmaloney | If there isn't some serious prison time for the execs I'm burning capitalism down | 18:25 |
| jrwren | they claimed they didn't know about hte breach before teh sale. | 18:25 |
| jrwren | still... if martha stewart can go to jail... these people can go to jail. | 18:26 |
| cmaloney | BULLSHIT | 18:27 |
| greg-g | :) | 18:27 |
| cmaloney | Three executives sell in the month before a ruinous breach is exposed? | 18:27 |
| cmaloney | That would be like VW folks selling stock months before the whole recall over the diesel shenannigans was unveiled. | 18:28 |
| rick_h | when did they sell? I heard this breach went back to July | 18:28 |
| greg-g | WHO KNEW WHAT WHEN?!?!?! | 18:30 |
| greg-g | ;) | 18:30 |
| greg-g | get matlock on the case | 18:30 |
| cmaloney | August 1st and second | 18:30 |
| cmaloney | https://www.bloomberg.com/news/articles/2017-09-07/three-equifax-executives-sold-stock-before-revealing-cyber-hack | 18:31 |
| cmaloney | CW: Autoplay video | 18:31 |
| rick_h | lol, wasn't the breach july 29 or something? | 18:31 |
| cmaloney | Ayep | 18:31 |
| greg-g | gj guys | 18:31 |
| cmaloney | "The credit-reporting service said earlier in a statement that it discovered the intrusion on July 29. Regulatory filings show that on Aug. 1, Chief Financial Officer John Gamble sold shares worth $946,374 and Joseph Loughran, president of U.S. information solutions, exercised options to dispose of stock worth $584,099. Rodolfo Ploder, president of workforce solutions, sold $250,458 of stock on Aug. 2. | 18:31 |
| cmaloney | None of the filings lists the transactions as being part of 10b5-1 scheduled trading plans." | 18:31 |
| rick_h | lmao | 18:31 |
| cmaloney | The three “sold a small percentage of their Equifax shares,” Ines Gutzmer, a spokeswoman for the Atlanta-based company, said in an emailed statement. They “had no knowledge that an intrusion had occurred at the time.” | 18:31 |
| cmaloney | Yeah, right | 18:32 |
| _stink_ | quick delete those emails | 18:32 |
| cmaloney | You had July 31st | 18:32 |
| cmaloney | which is a business day | 18:32 |
| cmaloney | if there wasn't an "all hands" meeting on that day then I'm the fucking Vatican | 18:33 |
| Scary_Guy | an easy fix for this would be don't hold stock in the company you work for, or any companies that you directly do business with | 18:46 |
| Scary_Guy | but if life gives you a cheatcode people are generally going to use it | 18:46 |
| jrwren | C types HAVE to hold stock in companies they work for. its the law and if not, its part of their contract. | 18:46 |
| Scary_Guy | well, that's just retarded then | 18:47 |
| Scary_Guy | or they shouldn't be allowed to touch it until they quit | 18:47 |
| jrwren | board members and come C levels have to hold a certain percentage. I'd doubt that these sellers sold ALL of their shares. | 18:48 |
| greg-g | it theoretically makes them more at service to the company because they'd feel the pain/gain accordingly | 18:49 |
| cmaloney | jrwren: They didn't sell them all, but it's rather interesting that they sold any during this time | 18:49 |
| greg-g | but there are tons of ways to game the system so... yeah, they rarely feel the pain | 18:49 |
| cmaloney | Is August a fiscal quarter? I don't believe so | 18:49 |
| greg-g | yeah, timing, that "10b5-1" thing: usually people like that have a "I have a plan to sell X% or $X every Y months" which is reasonable, as long as they stay within the contractual/legal requirements of holding enough | 18:50 |
| cmaloney | But their stock is taking a beating today | 18:50 |
| cmaloney | Down 13.78 percent | 18:50 |
| Scary_Guy | it seems like it incentivises it more to fuck over consumers to make a profit | 18:51 |
| cmaloney | that's no accident | 18:51 |
| Scary_Guy | also, sounds like a good time to buy | 18:51 |
| cmaloney | Ah, their second quarter ended in June | 18:51 |
| cmaloney | So, fish smell - rising | 18:51 |
| cmaloney | They published their results on July 26th | 18:52 |
| jrwren | nah, they are still over priced. My target price for them is 60/share. I'll buy at or below that. | 18:52 |
| cmaloney | jrwren: You'll get your wish, I guarantee it | 18:52 |
| jrwren | cmaloney: yes, but will it be because of this, or will it be overall market crash? | 18:52 |
| Scary_Guy | yes | 18:53 |
| greg-g | I can't not think of that mens warehouse dude when that's said and how he's been a daily toker for a long time, and that's part of why his voice is so memorable | 18:53 |
| cmaloney | greg-g: Did he say that he's a daily toker? | 18:54 |
| greg-g | yup | 18:55 |
| greg-g | https://duckduckgo.com/?q=mens+warehouse+weed&t=ffsb&ia=news | 18:55 |
| greg-g | :) | 18:56 |
| Scary_Guy | https://www.reddit.com/r/wallstreetbets/comments/6yqpi2/so_three_equifax_executives_came_up_with_a/ | 18:56 |
| cmaloney | greg-g: That would explain nominating Deepak Chopra to the board in 2004 | 18:57 |
| cmaloney | (letting that charlatan anywhere near money is a bad move) | 18:57 |
| jrwren | why would he be on the board of that company. | 18:59 |
| greg-g | heh | 18:59 |
| jrwren | UGH... board membership pisses me off. | 19:00 |
| greg-g | apparently weed == ok with aura pettelers? :) | 19:00 |
| Scary_Guy | Deepak makes me wish there was a hell for him to burn in | 19:01 |
| * rick_h just shakes head...https://twitter.com/zackwhittaker/status/906247688768905216 | 20:31 | |
| cmaloney | Naturally | 20:40 |
| gamerchick02 | am i right on time? | 20:41 |
| cmaloney | gamerchick02: For the rest of your life? Sure thing | 20:42 |
| cmaloney | for anything else? Not sure. | 20:42 |
| gamerchick02 | OH CRAP wrong chat | 20:42 |
| gamerchick02 | LOL | 20:42 |
| cmaloney | np | 20:42 |
| gamerchick02 | that was meant for the bugcast | 20:42 |
| gamerchick02 | but anyway, how's you? | 20:42 |
| cmaloney | Surviving | 20:42 |
| cmaloney | you? | 20:42 |
| gamerchick02 | not bad | 20:42 |
| gamerchick02 | learning | 20:42 |
| cmaloney | That's always good | 20:43 |
| gamerchick02 | yeah | 20:43 |
| gamerchick02 | i've learned more about Monroney labels than i care to know! :-P | 20:43 |
| cmaloney | That's more than I know about them, so yay! :) | 20:44 |
| cmaloney | Oh nice: the stickers for new vehicles | 20:44 |
| cmaloney | Hah, that's awesome | 20:44 |
| gamerchick02 | yes | 20:44 |
| gamerchick02 | labels. SO MANY LABELS | 20:44 |
| cmaloney | http://paste.ubuntu.com/25492402/ <- File this under "what the fuck are you asking me here?" | 20:51 |
| gamerchick02 | who knows? that sounds like spam | 21:27 |
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