[CharlesWayneCT]

But I always found it funny when the employees would complain that the company should have told them the bad news when the stock was still high so they could sell it all before it crashed.

They didn't seem to care that their sale would just stick somebody ELSE with the loss. So long as they got THEIR money.

[steve-b]

But I always found it funny when the employees would complain that the company should have told them the bad news when the stock was still high so they could sell it all before it crashed.
They didn't seem to care that their sale would just stick somebody ELSE with the loss. So long as they got THEIR money.

Employees had the stock as part of their established retirement package set up by the company. A third-party purchaser would be somebody who chose (without any similar constraint) to pay his money and take his chances.