Pfizer CEO dumped 62% of his stock the day the vaccine was announced

a reply to: mzinga

And? OP said nothing about the legality of the CEO selling shares. Do you need to read it again? Read it again. I think you either somehow COMPLETELY missed the point of the OP, or you are deflecting.

Yeah it's not illegal of course for him to sell 62% of his shares then. But what does it mean about the company and the vaccine?

The news was extremely positive. Way too positive. People overreacted to "90% effective" without thinking about it or taking a closer look. After that kind of excitement, there is only disappointment ahead.

And especially if people are forced to take it, the company may not even survive a vaccine rollout due to lawsuits. Vaccine related lawsuits are significantly likely to even destroy Pfizer, beginning a few months after rollout but probably taking a few years to play out in the courts, especially if they make more false promises like "90% effective" etc.

I really think any company attempting to sell Covid 19 vaccines is likely to be sued into oblivion, especially if people are forced to take it. We can't even get a good flu vaccine most years and that's according to the data we're allowed to know about and see still, and people have been trying to make flu vaccines for roughly a century or something like that.

It's basically low hanging fruit for the trial lawyers that they have overlooked for years due to respect for doctors as a profession and the public health issue at stake. Or you could be cynical and say that they were all intuitively just waiting for the huge pay day to come along like this.