Midterm - In today society we are faced with ethical...

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Unformatted text preview: In today society we are faced with ethical dilemmas just about everyday. Ethics is an issue in which many people or groups of people tend to ignore. There can be many reasons supporting the choices that business firms or entities make. In many cases, money or monetary advance can power people to do unethical things either in the workplace or in everyday life. Martha Stewart insider trading case, is an example of unethical practices, Martha’s situation was a high profile case filled with uncertainty. In order to say whether or not Stewart handled her indictment responsibly, it is essential to start with a hypothesis regarding her guilt or innocence. Is it likely for Martha Stewart to practice unethical behavior again? Let’s look at Martha Stewart case for example; “On December 27, 2001, Martha Stewart sold her 3, 928 shares in the pharmaceutical company ImClone, on the eve of the critical FDA ruling its cancer drug Erbitux. The next day, the FDA announced its rejection of Erbitux, causing ImClone stock to drug Erbitux....
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This note was uploaded on 03/09/2011 for the course ACCT 102 taught by Professor Scott during the Spring '11 term at Kennedy-King College.

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Midterm - In today society we are faced with ethical...

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