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 boths investors to the highest microscope stage it. On Dec. 27, 2001, Stewart cashed out her ImClone stake at an average 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 change ImClones application for Erbitux, a promising cancer drug. The next profession day, Dec. 31, ImClones shares opened at $45.39 per share. That difference in price would promote cost Stewart about $51,200 if she sold first thing that morning. Had she acted responsibly? The obvious answer is no. But I contain anyone to ignore the possibility that they could lose a large a couple of(prenominal) of money in a short time. Her actions after live on the news that she could lose thousands of dollars were a matter of self preservation. For those that states it s in all about the money; I ask, why therefore does a billionaire continue to buy low and sell high. Its exit 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 move; theyve sufficient severed heads mounted within their mansions. Compared to the recent actions of others CEOs Kenneth set down 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 disturb that leads me to mean that she acted irresponsibly. Martha Stewart, born in 1941 as Martha Kostyra, grew up in Nutley, unsanded Jersey in a working-class family with sise children. At an early age her mother taught her the basics of cooking, If you privation to get a full essay, order it on our website: OrderCustomPa per.com
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