Skip to content
Matt Levine

Awkward Emails and Unusual IPOs

Also Trump financial policy miscellanea, insider trading, the VIX and the rule of law, and unicorn precedents.

Don't do this.

Joseph Giljum worked on an oil trading desk for BP Products North America Inc. He negotiated a job offer with a competitor, and discussed his move with a former BP trader named James Chrystal who now works at that competitor. BP claims that he schemed with Chrystal to steal a bunch of confidential trading information from BP and bring it to the competitor. You are not supposed to do that. But, according to BP's complaint, Giljum had a cunning plan to avoid detection: