ETHICS AND EQUITY Anne Yates is employed as a financial analyst at a large brokerage house. Her

Question:

ETHICS AND EQUITY Anne Yates is employed as a financial analyst at a large brokerage house. Her job is to follow companies in the computer hardware sector and issue reports that will be used by her firm’s brokers in making recommendations to the brokerage house’s clients.

Her reports are summarized by her ratings of the company—strong buy, buy, hold, sell, or strong sell. She is in frequent contact with the top management of the companies she follows.

After a thorough investigation, she believes she should downgrade Dreamware from a ‘‘strong buy’’ to a ‘‘hold.’’ However, when she informs Dreamware’s CFO, the CFO threatens to call her boss. Later that week, her boss calls her to request that she reconsider her downgrade and states that her cooperation will be ‘‘greatly appreciated.’’

Required:
How should Anne respond to her boss? Are there any other steps she should consider taking?
Case

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

Question Posted: