Earlier quoted context omitted.
I don't understand this attitude that "top brass might not know about it". He's the CEO, isn't his entire job to know what's going on in the company? I know we get this idea that rich people just sit back and take in the money, but isn't the reason they are paid so much in the first place because they have in theory a big responsibility on what happens in the company?
You're putting words in my mouth. I didn't say he didn't know about it. I said we don't know WHEN he first knew about it, which is important in the context of insider trading.
The marvel is that somehow the news was kept from hitting the media until he had finished his trade, and then was revealed immediately after the transaction was complete. I wonder how that coincidence happened.