Germany’s top financial supervisor dismissed a decade of warnings about Wirecard

Re:Germany’s top financial supervisor dismissed a decade of ... by zentiggr on Friday July 17, 2020 @11:14AM (#23871406)

So... if he hadn't pushed for copper and instead did the 'better for society' fiber solution, the company wouldn't have been worth nearly as much, possibly much less.

And those stock sales would have been much less profitable.

Not direct cash bribe but definitely far more motivated than just incompetence.

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Re:Germany’s top financial supervisor dismissed a decade of ... by DangerousPie on Friday July 17, 2020 @12:22PM (#23872211)

I don't get it. Once he sold the shares he had no further interest in their value. Nothing that happened once he became a minister could have affected his profits from the sale of his stocks. Why are you saying "those stock sales would have been much less profitable"?!

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Re:Germany’s top financial supervisor dismissed a decade of ... by labawi on Friday July 17, 2020 @02:54PM (#23874060)

Legally, that's why he had to sell the stocks, which is a reasonable requirement.

OTOH, it doesn't preclude a mutually beneficial understanding, which the exchange points to. Maybe he had a deal, or wanted to keep the good stock between friends.

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