We show that CEOs strategically time corporate news releases to coincide with months in which their equity vests. These vesting months are determined by equity grants made several years prior, and thus unlikely driven by the current information environment.
https://newrepublic.com/article/159504/corporations-scam-shareholders-screw-workers
https://newrepublic.com/article/159504/corporations-scam-shareholders-screw-workers