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Martha stewart case study brooks
Case study on insider trading
Insider trading unethical
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Martha Stewart's Insider Trading Martha Stewart, the countries top icon for homemaking has been in the eye of the public since June 2002, but not for her craftiness or culinary abilities. Stewart instead has the spotlight on her for crimes of insider trading. A tip from her former broker Peter E. Bacanovic, persuaded her into selling her IMClone stock after sharing information about a close friend of Stewart’s getting rid of his shares. Stewart’s companion, Sam Waksal, was also the chief executive of IMClone Systems Inc. IMClone Systems is a well-known company specializing in the research and development of therapies treatments of cancer. The stock selling was provoked due to a leak of information about The Food & Drug Administration rejecting IMCLONE’s drug outfit application their cancer drug Erbitux. Before the information reached the public about the FDA’s decision and share price plunged, Stewart sold her 3,928 shares of IMClone. Martha sold her shares at $58, and by the time the news hit, prices fell to $45, resulting in a savings of only 50,000 for the celebrity. But the whole situation of the Martha Stewart case is not a question of insider trading but a question of ethics and management in business: it’s an issue of ethics and the choices people have between right and wrong and the determining factors that cause us to make those choices. While researching this subject I have found many interesting topics. One topic I found very interesting was the fact that a highly qualified executive of Merrill lynch, one of the top brokerage firms in the world, was Martha Stewart’s financial advisor. Another interesting point is that Martha Stewart the mom of home cookery and cuisine, a profession based on honesty and founded on the basis of motherhood would lie about the tips she took to earn an extra buck while already being a multibillionaire. After more research I found that the most important point and the topic of the whole situation was the point that even the most perfect and idolized individuals can be manipulated by money or even the thought of more money in the case of Martha Stewart. Martha Stewart is now facing charges leading up to a possible 20 years in prison, and over 250,000 dollars in fines. Stewart faced many charges; among them were insider trading, conspiracy, making false statements, perjury, and obstruction of justice. Before... ... middle of paper ... ...ample of insider trading information because Charlie Sheen a family member of a person working in the airline industry distributed information about a publicly traded company before it was introduced to the public officially making it illegal. Therefore this is official insider trading. The next issue is the issue of a public icon being a criminal. Many mothers and others around the world held Martha Stewart in such a high light and followed by her example. This whole aura is ruined by this situation. This is terrible today because so many people today believe in what they see on today and take to heart everything what is said on television. Moreover Martha Stewart’s case is very monumental because it has taken societies beliefs and corrupted them by eliminating a public icon from the spotlight with criminal charges. Works Cited “Martha: Guilty On All Counts.” Business Week 5 March 2004: Glassman, James K. “Martha Stewart and Insider Trading.” Capitalism Magazine 15 February 2004: Westfall, Kirk Randall. Telephone Interview. 30 March 2004. Mulligan, Thomas S. and Hamilton, Walter. “Martha Stewart Convicted.” Los Angeles Times 6 March 2004, Home Edition: A1.
First, what crime did Martha Stewart commit? Before answering this question, I would like to briefly explain and identify the nature and some of the developments of the case. The troubles started when Stewart sold approximately 3,928 of her shares on the company called ImClone System on December 27, 2001. According to (Sullum, 2004), Stewart sold ...
Stewart unleashed a fury of intense and condemning questions upon Cramer. However, unfortunately for Cramer he functioned as a stand-in for the entire CNBC company and our entire corporatized news media. Stewart used multiple video clips of Cramer in 2006 to prove Cramer was well aware of the “shenanigans” that allowed investment returns to roll in at 30 percent per year, and major institutions leveraging at 35-to-1 for most of the 2000s. This leveraging, in effect, is the one thing that caused the fall of Wall Street and the decline of our retirement portfolios' value. Stewart made that point to Cramer and Cramer could not disagree. The crucial question Stewart asks and we will attempt to answer is, do shows like Cramer’s Mad Money and other CNBC reporters have an ethical responsibility to be critical, investigative journalists? We must first understand the actions taken by each party involved in the housing and banking collapse of 2009 in order to fully comprehend the ethical situation that unfolded. One must first understand the actions taken by each party prior to 2009. Bankers backed by investors, started lending mountains of excess cap...
Physician Assistant is a career choice that entails various specialties and flexibilities that attracts many. Those who desires a path to practice medicine as soon as possible, PA 's lateral mobility allows that to happen. Compared to medical school, PA school requires less time and amount less debt. As the population grows and chronic diseases spreads, The future projection of PA is growing faster than the average careers.
Everywhere you look, there she is. Martha Stewart has invaded every avenue of domesticity. Her "radiant presence... seems to be infinite, like that of the Almighty, or of Starbucks" (Lippert & Ferguson: 26*) The outposts of her "omnimedia empire" are quite fortified (Africannet page). Reigning over a vast technical spectrum, her multi-million, multi-media kingdom includes a magazine with a circulation of 1.2 million, a syndicated column, and a TV show with audience of 5.3 million, but she does not have an official web site (Lippert & Ferguson: 26). There are numerous webpages that fans and foes have dedicated to her.
Ligaments are tough, non-stretchable fibers that hold bones together. Damage to cruciate ligaments, which crisscross the knee to give it stability, is one of the most common sports injuries. The “tear” occurs from changing direction rapidly, slowing down from running, or landing from a jump improperly. The A.C.L tear is one injury that worries athletes in all sports at all levels because of its devastating effects. People ages 15-25 that participate in basketball and other sports that require pivoting are especially at risk.
An orange jump suit, handcuffs, and a jail cell seems like the life of a criminal, but what about a celebrity worth $638 million? For five long months that life was Martha Stewarts. Though Stewart was already a famous business women, this situation caused an abundance of drama and commotion. Stewart overcame this, by serving her time and becoming better, which is something she learned from her parents and throughout college. While prison was a challenge, she overcame it, and has impacted lives all over the nation since.
...g rent ("The Plea"). All of the horrible effects of what happened to Erma Stewart resulted from that plea bargain. The punishment of the innocent also occurs from the use of plea bargains because plea bargains cover up police or prosecutorial misconduct. For example, in Charlie Gampero's case that police investigation was sloppy and witnesses were inconsistent and because of the plea that was covered up. These cases illustrate the effects of plea bargaining on innocent people and how they are ineffective in the justice system.
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
I am interested in pursuing the Physician Assistant (PA) degree because of my experiences both within the medical field and as a patient. These experiences have led me to believe that a team approach to patient-centered medicine provides the best and most comprehensive care possible. Further, the PA profession offers me the opportunity to continue my lifelong passion of helping others, giving back to my community, and provides me with further opportunities to teach.
While PAs often work independently, consulting their supervising physician only when needed, it is important that they are able to work well under another health care professional. I enjoy this aspect of my current position as restorative nursing assistant, as it allows me to alleviate the burden on our physical and occupational therapists and allow them to do their jobs more effectively. I am also excited by the opportunities available to PAs that are not readily accessible to medical doctors. I was able to talk with a retired PA who now teaches in a PA program and spoke of his time working in the emergency department, from which he transitioned into family care. This change would be difficult for an MD but is common for PAs. I am greatly drawn to practicing in pediatrics, as I believe that choices made early in life will have a direct impact on future health, especially for those who may have limited access to medical resources. However, the fast-paced setting of the ER and the technical precision working as a first surgical assistant also intrigue me. I relish every occasion to learn and challenge myself and, as a PA, I would have the freedom to utilize my skills in various disciplines and thus push myself to find the field where I feel I can do the most
The indicators of BPD are dramatic and obvious. Those suffering from it tend to be significantly unstable in their interactions with other people as well as their behavior when alone. Impulse control and ability to discern moral decisions are significantly deteriorated in those with BPD and they are often destructive toward themselves and their relationships with others, if not outright violent. Casual contact with a sufferer of BPD might be deceptive because many are able to appear stable, but rapid and unpredictable mood and behavior shifts are common. Neglect and abuse, particularly sexual, are seen in almost all who are diagnosed with BPD. The lack of attachments during developmental years results in an inability to form or value attachments later in life. While reduced hippocampal volume is a brain deformation associated with PTSD as well as BPD, BPD also presents with a reduced amygdala volume which is possibly the cause of the notably increased aggression and reduced emotional stability of those with BPD (Lieb et al., 2004, pgs.
Physician Assistant’s are medical providers who, depending on the state, practice on their own, and work under the supervision of a licensed physician or doctor. They complete a master's degree from an accredited physician assistant program. Like physicians, PAs can specialize in a variety of medical specialties. PA’s are specialized in different fields and it just depends on what they studied in college. All physician assistants are alike in their profession, but could be different in many different ways. Some work directly under a doctor/physician at a hospital and see him daily and are told what to do. Others work at their own clinic and see the doctor or physician they work under every once in awhile.
Jordan Belfort throughout his entire life subverted the law for his own financial gain, always seeing money as worth the risk in the decisions he made. His decisions were made by a rational mind of his own volition, considering the long-term possibilities and how to stay ahead of his pursuers. He constructed an environment with Stratton Oakmont to enable this behaviour, as well as corrupt those around him to follow in his footsteps. This lead to his repeated violations of laws to generate wealth when his fear of punishment was lower than that of the rewards he could potentially gain. It was only when he was confronted with the reality of his punishment and experienced it directly that he was finally deterred from his criminal behaviour.
Our minds are at the most sensitive stage during our childhood. During this time, we are beginning to find a sense of self and creating a healthy personality based on our experiences. (Life Span 11.3) What would happen if a child experiences a traumatic event such as physical/ emotional abuse, the murder of a parent or a close family member, natural disasters, or was involved in an accident? Would it affect their later self? Studies have shown that traumatic experiences that occur during early childhood may affect several aspects of their lives, including relationships, behavior, and emotional responses. (NCTSN, 2009)
Martha Stewart has risen to national prominence as the ultimate host, media star and designer. She crafted a unique brand and built it into a multibillion-dollar business empire. She was charged, convicted and served prison time for insider trading, becoming one of the most famous felons of her generation. Stewart then rebuilt her prominent status after this fall from grace and retained her leadership role in the public company she founded. Her resilience has been an inspiration to millions of adoring fans across all demographics. Stewart did not just break the glass ceiling, she shattered it. Evolving from model to culinary superstar, to publishing mogul, she has redefined what is possible for women to achieve. She has done it all and true to her brand, she has made it look easy and effortless along the way.