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A comment on Execs Make Millions via Timely Trades of Competitors’ Stock. Parent comment

Re:Execs Make Millions via Timely Trades of Competitors’ Stock by BoiledCabbage on Thursday March 16, 2023 @01:00PM (#35184773)
Can someone explain why consideration is required?

What would be the negative repercussions of removing that requirement? It seems unnecessary to me.

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Re:Execs Make Millions via Timely Trades of Competitors’ Stock by anigbrowl on Monday March 20, 2023 @05:58PM (#35239370)
Perhaps because consideration is a prerequisite of contract formation, and the employment contract is traditionally the basis of the 'insider' designation.
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