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 whatevers investors to the highest decimal point it. On Dec. 27, 2001, Stewart cashed out her ImClone stake at an decent price of $58.43, collecting about $229,500. After the market closed(a) the following day, the Food and Drug Administration announced its refusal to refreshen ImClones application for Erbitux, a promising cancer drug. The next chase day, Dec. 31, ImClones shares opened at $45.39 per share. That difference in price would drive cost Stewart about $51,200 if she sold first thing that morning. Had she acted responsibly? The obvious answer is no. But I fork over anyone to ignore the possibility that they could lose a large a couple of(prenominal) of money in a short time. Her actions after hard 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 wherefore does a billionaire continue to buy low and sell high. Its overhaul theyve reached a point of saturation a few million dollars ago. For around its the thrill of the hunt not the kill that keeps them motivated; theyve sufficient severed heads mounted within their mansions. Compared to the recent actions of others CEOs Kenneth adjust 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 twinge that leads me to mean that she acted irresponsibly. Martha Stewart, b! orn in 1941 as Martha Kostyra, grew up in Nutley, unsanded Jersey in a working-class family with six-spot children. At an early age her mother taught her the basics of cooking, If you deprivation to get a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page:
write my paper
No comments:
Post a Comment