One CEO, Qwest CEO Joseph Nacchio, said “No!”
The NSA cancelled its contracts with the company and then in retaliation for his refusal to give in to intimidation filed an entirely bogus insider trading case against him.
Here’s the timeline:
1. Nacchio sells some of his Qwest stock
2. NSA failing in its extortion attempt, cancels Qwest contracts
3. Qwest stock price goes down
4. Government files insider trading charges against Nacchio
The judge in the insider trading case refused to have these simple facts entered into evidence and this decent, honorable man spent four and a half years in prison.