CNBC Should Stop Worrying About Stocks

A CNBC tipster says CNBC’s policy requiring employees to divest individual stocks is losing credibility: “There is more than one low-level producer at CNBC who has not liquidated their portfolio, sans General Electric shares. The twenty-somethings that have modest portfolios see no reason to sell — until CNBC does an audit of personal financial statements, as they announced would be done. It’s almost like steroid testing in baseball. They might announce one of these low-level producers got caught but no way will any senior producer or EP ever get brought down by this. The whole system will continue to lose credibility. Maybe we should be more concerned about embarrassing ratings than who holds 25 shares of Microsoft or Yahoo.”

> May 31: “Rules Are Made To Be Broken”

> May 30: “CNBC Chairman Owns 15,000 Shares Of Pharmaceutical Co., Despite Company Policy”