This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Cutter claims that it had to pay Wiederhorn 6 million if terminate him by without cause. Issue: Fog Cutter was not convicted of a violation of the law. Rule: The U.S. Court of appeals for the District of Columbia circuit denied Fog Cutters petition for review of the SECs decision. The NASD was concerned with the integrity and the publics perception of the Nasdaq exchange in light of Wiederhorns legal troubles and the Fog Cutter boards acquiescence to his demands. The SEC amply supported these concerns and was well within its authority to dismiss Fors appeal. Vocabulary Cost-benefit analysis a decision-making technique that involves weighing the costs of a given action against the benefits of the action. Ethics moral principles and values applied to social behavior....
View Full Document
- Spring '09