Get help now

Trial of Martha Stewart

dovnload

Download

  • Pages 2
  • Words 384
  • Views 167
  • Can’t find relevant credible information

    Let our experts help you

    Get help now

    The Trial of Martha Stewart

    The Central Issue:

    Did Martha Stewart commit the crime of insider trading when she sold the ImClone

    shares?

    Recommended Course of Action:

    Martha Stewart did commit the crime of insider trading when she sold her shares for ImClone. She should’nt have sold her shares when she was told that the rate of ImClone’s shares is going to drop because it was an inside news that after FDA’s disapproval of the drug ImClone’s shares will drop significantly.

    Basics of Recommendations:

    1. Martha Stewart was well aware of the fact that she’s doing insider trading, she tried to cover up her crime, she had meetings with Bacanovic and Faneuille to talk about how to stick with their first statement, This added to the severeness of this crime and shows that they were all in this together and Martha knew that she was doing something illegal and felt the need to cover up the facts.

    Naima Azam

    Case Study 2

    2. Martha Stewart tried changing the text of Bacanovic’s message but then she didn’t do it, This shows that Martha Stewart knew that she’s into something illegal and had a clear idea of what she’s doing is not right. She should’ve listened to her instincts at that time and should’ve confessed right away

    Reasonable Alternatives:

    1. One of the alternatives is that Martha Stewart could have bribed both Bacanovic and Faneuil and told them not to leak the information about the crime. This alternative is rejected because it is not ethical.

    2. Another alternative is that Martha Stewart could’ve put all the blame on her broker and should’ve stick to the point that she had no idea what was going on. This is rejected because brokers don’t have authority to make such big decisions and there was proof in form of Bacanovic’s message which he left for Martha on

    December 27, 2001 and told her that there’s something going on with ImClone and she needs to know this.

    Significant Factors:

    1. Insider Trading

    2. Unethical

    3. Celebrity

    4. Corporate Scandel

    5. Trial
    1

    2

    Loading…
    Search the documentCtrl+FFind nextF3Find previousShift+F3Sign in Add to Drive
    Edit online
    Download originalCtrl+SPrint (PDF)Ctrl+PZoom inCtrl+Shift+→Zoom outCtrl+Shift+←Fit page to screen width1Fit two pages to screen width2Compact controlsShift+Ctrl+FPlain HTMLHHelp Center User Forum
    Report an issue
    Show keyboard shortcuts?

    Trial of Martha Stewart. (2016, Jul 10). Retrieved from https://graduateway.com/trial-of-martha-stewart/

    Hi, my name is Amy 👋

    In case you can't find a relevant example, our professional writers are ready to help you write a unique paper. Just talk to our smart assistant Amy and she'll connect you with the best match.

    Get help with your paper