Man Bites Stock
On September 20, 2022, Morgan Stanley agreed to pay $35 million to settle SEC charges related to what the agency described as “extensive failures” to safeguard customers’ personal data when they let old computers get sold off without wiping the hard drives or smashing them with hammers--personally, I prefer an "engineers' hammer" because then I can say I'm going to do some "data engineering in the garage" and I'm not really lying.
MS stock went down -1.72%.
In other news, the Doug Ramsey, COO of Beyond Meat had a disagreement about what Derrida meant by: Peace is only possible when one of the warring sides takes the first step, the hazardous initiative, the risk of opening up dialogue, and decides to make the gesture that will lead not only to an armistice but to peace.
I'm kidding of course--we can never truly know what drives a man to action. But what we do know is that Doug bit another man's nose in a parking garage after a Razorback's game today. Also, "Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey’s car." There's certainly some vegetarian-based comedy to be had here, but I leave that to the experts.
Regardless, BYND stock is down -6.04%. Which is s smidge more than 3.5x the hit MS took.
Moral of the story: don't let your hard drives go a wandering. But much more importantly, don't let your executives bite people. I expect all annual Compliance training to be updated with this in mind.