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 course it. On Dec. 27, 2001, Stewart cashed out her ImClone stake at an becoming price of $58.43, collecting about $229,500. After the market shut the following day, the Food and Drug Administration announced its refusal to change ImClones application for Erbitux, a promising cancer drug. The next pastime day, Dec. 31, ImClones shares opened at $45.39 per share. That difference in price would stimulate cost Stewart about $51,200 if she sold first thing that morning. Had she acted responsibly? The obvious answer is no. But I direct anyone to ignore the possibility that they could lose a large a couple of(prenominal) of money in a short time. Her actions after vigorous 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 thence does a billionaire continue to buy low and sell high. Its get theyve reached a point of saturation a few billion dollars ago. For around its the thrill of the hunt not the kill that keeps them do; theyve sufficient severed heads mounted within their mansions. Compared to the recent actions of others CEOs Kenneth degrade 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 posture that leads me to mean that she acted irr esponsibly. Martha Stewart, born in 1941 as! Martha Kostyra, grew up in Nutley, unsanded Jersey in a working-class family with sextette children. At an early age her mother taught her the basics of cooking, If you trust to get a full essay, order it on our website:
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