When the facts change I change my mind, what do you do sir
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Stanford B-School Strips Diploma of SAC Capital’s Martoma
Mathew Martoma, the SAC Capital Advisors LP employee found guilty last month of insider trading, is no longer a graduate of the Stanford Graduate School of Business, the school confirmed Tuesday. Administrators at the business school rescinded their offer of admission to Mr. Martoma, a move that nullifies the degree he earned in 2003, according to people familiar with the matter. The former trader may face decades in prison, so it’s unlikely his business degree is top of mind. But Stanford’s move is noteworthy because it’s believed to be the first time the business school has revoked a graduate’s degree, and ... (full story)
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