Free Essay

122344

In:

Submitted By caicai85
Words 306
Pages 2
World Com

DESCRIBE FACTS AND IDENTIFICATION OF ETHICAL ISSUES OF WORLD COM

MARTHA STEWART

1. WHAT WAS THE BASIS OF MARTHA STEWART’S REPUTATION?

FROM A FINANCIAL PINT OF VIEW, HER REPUTATION WAS BASED ON MARKET SHARE AND STOCK PRICE

IMCLONE SUBMITS APPLICATION FOR ERBITUX TO THE FDA. OCTOBER 31, 2001 SAM WAKSAL IS TIPPED THAT THE FOOD DRUG ADMINISTRATION (FDA) PLANS TO DENY IMCLONE'S APPLICATION FOR ERBITUX. DECEMBER 26, 2001 STEWART AND WAKSAL'S FAMILY MEMBERS SELL SHARES OF IMCLONE STOCK. DECEMBER 27, 2001 THE FDA OFFICIALLY REJECTS ERBITUX. AS EXPECTED, IMCLONE STOCK PRICE DROPS 18%. DECEMBER 28, 2001 PETER BACANOVIC TELLS SEC ATTORNEYS THAT ON DECEMBER 20TH STEWART MADE THE ORDER TO SELL IMCLONE STOCK IF THE PRICE FELL BELOW $60. JANUARY 7, 2002 SAM WAKSAL IS ARRESTED AND CHARGED WITH INSIDER TRADING. JUNE 12, 2002 DOUGLAS FANEUIL PLEADS GUILTY TO TAKING A PAYOFF TO KEEP QUIET ABOUT THE STEWART STOCK TRADE. OCTOBER 2, 2002 WAKSAL ADMITS TO ATTEMPTING TO SELL HIS OWN SHARES AND TIPPING HIS DAUGHTER. OCTOBER 15, 2002 STEWART AND BACANOVIC ARE INDICTED ON 9 FEDERAL COUNTS IN THE IMCLONE SCANDAL. JUNE 4, 2003 WAKSAL IS SENTENCED TO MORE THAN 7 YEARS IN PRISON. JUNE 10, 2003 INK EXPERT TESTIFIES AGAINST FORGED DOCUMENTS SUPPORTING $60 STOP LOSS ORDER. FEBRUARY 19, 2004 STEWART'S BUSINESS MANAGER TESTIFIES IN FAVOR OF $60 STOP LOSS ORDER. FEBRUARY 23, 2004 JUDGE THROWS OUT SECURITIES FRAUD COUNT AGAINST STEWART. FEBRUARY 27, 2004 STEWART IS CONVICTED ON ALL CHARGES. BACANOVIC CONVICTED ON ALL BUT ONE CHARGE. MARCH 5, 2004 STEWART REQUESTS TO BEGIN HER PRISON SENTENCE SO AS TO BE HOME FOR THE SPRING PLANTING SEASON. SEPTEMBER 15, 2004 STEWART'S APPEAL IS DENIED. JANUARY 6, 2006 EVENTS OF -SERVED A TOTAL OF 5 YEARS IN PRISON

FACTS: SAM WAKSAL A CEO OF IMCLONE SYSTEM INC A FRIEND OF MARTHA STEWART

Similar Documents

Free Essay

Student

...MYcÖRvZš¿x evsjv‡`k miKvi evsjv‡`k miKvix Kg© Kwgkb mwPevjq cyivZb wegvb e›`i feb ‡ZRMuvI, XvKv-1215| www.bpsc.gov.bd ‡cÖm weÁwß bw_ bs- 80.200.052.00.00.029.2013-406 welqt 34Zg wewmGm-2013 Gi wcÖwjwgbvix cix¶vi ms‡kvwaZ djvdj| evsjv‡`k miKvix Kg© Kwgk‡bi 10/07/2013 Zvwi‡Li 80.200.052.00.00.029.2013-397 bs †cÖm weÁwßi Abye„w˵‡g mswk−ó mK‡ji AeMwZi Rb¨ Rvbv‡bv hv‡”Q †h, 13/07/2013 Zvwi‡L AbywôZ evsjv‡`k miKvix Kg© Kwgk‡bi we‡kl mfvq 34Zg wewmGm-Gi wcÖwjwgbvix cix¶vi djvdj msµvš— mvwe©K welq Abycy•L ch©v‡jvPbv I cybtwe‡ePbv Kiv nq| cybtwe‡ePbv‡š— wcÖwjwgbvix cix¶vi djvdj wba©vi‡Y c~‡e©i b¨vq cÖPwjZ c×wZ AbymiY c~e©K evsjv‡`k miKvix Kg© Kwgkb KZ©„K 34Zg wewmGm-Gi wcÖwjwgbvix cix¶vi ms‡kvwaZ djvdj †NvlYvi wm×vš— M„nxZ nq| Z`vbyhvqx MZ 08/07/2013 Zvwi‡Li 80.200.052.00.00.029.2013-385 bs †cÖm weÁwßi gva¨‡g cÖKvwkZ 34Zg wewmGm-Gi wcÖwjwgbvix cix¶vi djvdj evsjv‡`k miKvix Kg© Kwgkb evwZj K‡i Ges ms‡kvwaZ djvdj cÖKvk K‡i| †NvwlZ ms‡kvwaZ djvd‡j 34Zg wewmGm-Gi wjwLZ cix¶vq AskMÖn‡Yi Rb¨ wb‡gœv³ †iwR‡÷ªkb b¤^iavix cÖv_x©MY‡K evsjv‡`k miKvix Kg© Kwgkb KZ©„K mvgwqKfv‡e (Provisionally) †hvM¨ †NvlYv Kiv n‡q‡Qt 000008 000029 000039 000040 000050 000055 000058 000059 000063 000067 000076 000080 000084 000094 000097 000099 000102 000107 000111 000114 000115 000128 000129 000131 000135 000141 000146 000149 000150 000151 000153 000154 000159 000168 000174 000177 000183 000184 000186 000198 000201 000204 000214 000217 000218 000244 000250 000255 000257 000263 000264 000272 000286 000288 000292...

Words: 47500 - Pages: 190