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Unformatted text preview: mineral-rich land, resulting in a significant increase in the stock price. Those who were aware of this endeavor and withheld the information profited greatly. Issue: The CEO and the other executives used material insider information for their own benefit in buying stock and land. Also, the information was not fully disclosed to the public, which is illegal. Furthermore, the CEO lied on the first press release, thus making this case an unethical business move as well as an illegal action. I would hold the CEO, Johnson, Bordeaux, and Bylinski, who withheld the material insider information, liable and condemn their action illegal....
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This note was uploaded on 10/23/2011 for the course BLW 201 taught by Professor Devience during the Fall '11 term at DePaul.
- Fall '11