The Insider column in Business Day on Dec. 9 about a securities law, known as the short-swing rule, that enables a company to sue certain major stakeholders for short-term profits if the investor bought and sold within a six-month period described that law imprecisely.
At UCLA's three-day program 120 directors so far have learned about fiduciary responsibilities and regulations, like the short-swing rule that prohibits directors from buying and selling their company's stock within a 180-day period.
He probably did not because of the short swing profit rules under Section 16 of the Exchange Act.
The short-swing profit rule is rarely invoked probably because it requires the company to police its own insiders and because most insiders, even if they are dishonest, do not both purchase and sell shares within the six-month window.
But those days seemed like ancient history when he spoke with the media on Tuesday and compared his current game to the world-beater swing he ruled golf with in 2000.
In a sport where gale-force swings are the rule, Tomic is different.
But the new rules swing too far the other way, threatening to choke off the recovery of asset-backed markets.America's large banks, having repaid their debts to taxpayers, are sure to wage war on higher capital standards.
If your door swings outward, this rule will be reversed.
AND for all the focus on swing voters, the cardinal rule of politics is to cultivate your base.
Second, he's a Southern white male, and even if the percentage of swing voters who would rule out voting for a woman or a black man is relatively small (and it might be large-ish), his race and sex alone would still presumably give him a slight boost.
The pendulum seemed potentially set to swing back toward the rule of law.
