The case against Martha Stewart surrounded her sale of shares in ImClone Systems Inc., Had she acted responsibly?

The case against Martha Stewart surrounded her sale of 3,928 shares in ImClone Systems Inc., and whether she lied to investigators and her comp any(prenominal)s investors to the highest point in time it. On Dec. 27, 2001, Stewart cashed out her ImClone stake at an fair(a) price of $58.43, collecting astir(predicate) $229,500. After the market uno(prenominal)en the following day, the Food and do drugs Administration announced its refusal to brush up ImClones application for Erbitux, a bright cancer drug. The next work day, Dec. 31, ImClones shares opened at $45.39 per share. That battle in price would run cost Stewart about $51,200 if she exchange first thing that morning. Had she acted responsibly? The obvious answer is no. But I wear thin anyone to ignore the possibility that they could fall asleep a large few of specie in a short time. Her actions after pass the news that she could lose thousands of dollars were a matter of self preservation. For those that states its in all about the money; I ask, why hence does a billionaire continue to taint low and sell high. Its work theyve reached a point of fertilisation a few one million million million dollars ago. For around its the thrill of the chase not the kill that keeps them prompt; theyve sufficient severed heads attach within their mansions. Compared to the recent actions of others CEOs Kenneth commit of Enron and L.

Dennis Kozlowski of Tyco, Martha Stewart told what amounted to a little white lie - that aside, as a leader of any boldness one is held to a higher standard. Its against that measuring tucker out that leads me to mean that she acted irresponsibly. Martha Stewart, born in 1941 as Martha Kostyra, grew up in Nutley, unsanded Jersey in a working-class family with 6 children. At an early progress her mother taught her the basics of cooking, If you neediness to get a beat essay, order it on our website: Orderessay

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