The policy also states:
In addition, directors and employees of the Company should inform senior management if they learn that information in any such filing or communication was untrue or misleading at the time such filing or communication was made or if they have information that would affect any such filings or communications to be made in the future.
In 1941, H.L. Mencken, himself a newspaperman most of his life, wrote:
“To the best of my knowledge and belief, the average American newspaper, even of the so-called better sort, is not only quite as bad as Upton Sinclair says it is, but 10 times worse – 10 times as ignorant, 10 times as unfair and tyrannical, 10 times as complaisant and pusillanimous, and 10 times as devious, hypocritical, disingenuous, deceitful, pharisaical, Pecksniffian, fraudulent, slippery, unscrupulous, perfidious, lewd and dishonest.”