S. Pie semply replaced one conflict of interest with another Why or why 6. Propose an alternative approach to more that CME is prewided without it interest 2. Critical Thinking: Head and answer the questes below mark At the end of December 2001. design pure Martha Stewart, dessive a Martha Stewa Living Ommelsreportedly old 3.928shares of deck in ang company illede System. The 3.928 shares represented her entire holding ImClone, and the ele finched over 5227,000 for Stewarten an wenge selling price found 55 perhe luge transaction by Wall Street andande. In factwachegame transactions that took place that day, should not have any due to it revealed that Stevens had a long-standing relationship with the chief executive of these System, De Sam Wakial and that within a day or two of her the food and Drug Administration (FDA) woulde an unfavorable angie's words Erhite, which see the neck plucing from a highof875 per share to com only 85.34 per share in September 2010 Further investigation revealed that members of Wakal's immediately held Hocke of shares in the two days preceding the FDA amencement One of the block of shares woh $2.5 million and his other daughter, along with her husband Examiner Dr. R. Adder shares weeth $300,000. Waksal was able to complete the sale of 0.000 shares in the company. The fact that Wakal had died Swart's daughter fe yanda further complication to what was rapidly becoming a very questionable basse management The bus dring was believed to hold tremendous poils cacer so that Bridol-Myers Squibb had agreed to pay si in 2001 for the righe prompting the increase in the store price to S70 The subsequent collapse the same price abeatfected shares in Stewart's own company. After Wakal was amestece imider trading in his own company share the sum of MatheSteen Living fell by 12 percent At the time of Wakal's nest Stewart who had yet wowed of my woning offered defense to the media that she had an am-ingheship to the sale of stock-in other words she at an existing onder with her bruker to the below 56 pere, and so this transaction was then and by inside information from her friend San Wakal. However, thered the even though the stock price had fallen below the occasions in the specie the sale there was no me sale of the shares Swart had come to revealed that Stewart had placed a call to be broket, Peter Bacdarganfongs on a flight to Mexicon her private jet She made a call Walsal during the same by coincidence, Racanovic was the broker for Wakalando Hewa suhtly ended by Merrill Lynch Atlet nummos attempts by her legal team to fight on her call, Sarwarte deliver more than 1,000 pages of documestecating email messages from here phone record the congelmiimeingewe of her neck August 2002. She was eventually indicated set for the sale of the wecke mider trading, but for bruction of justice for lying to federal seats under the show the details carounding the transaction. She served five months additional five months under house amet. Bacoviceveda nemocnice for crimes related to the sale of the weck on behalf of Swart and member of the Wil family he was bored from the securities industry and paid a $75,000 to the Site and Exchange Committee and trading durges Wakamera month prisen sentence and he settled the SEC inside trading case against him and his fathet For more than 55 milli Ironically, Ebitus proved to be more persistent a la imagined After being tejected by the FDA in 2001 tens of the data from in the need formal appeal in Februay 2006. The impact on InCone's share price was meant by July 2008, more than six years after the bowiem sale of State the of low once again hacka Sto persone. The original tracta about $45.000 in bees by selling before the FDA reject was menced in empect the Cost to her company, la investors and we were to her higher Questions Identify the ethical transgressitud took place in this case 2. When the chestion that he will w After numerous repts by her legal team fightes ber behalf Stewart delive than 1,000 pages of document including e-mail messages from here and phone corde to the congressional committeenvestigating the sale of her limeshack August 2012. She was eventually indicted for the sake of the deck soos trading but for him office for lying to falemnder what the details surrounding the trace. She served five sense aditional five months under home anest Blocvicenda five modele crimes related to the sale of the stock behalf of Swatant members of the wat family, he was banned from the industry and paid $75.000 ise to the Securities and Exchange Commission to settle inside-trading charger Walsall med month priore sentence and he settled the SEC insider trading Che painst him and his father for more than 55 million Ironically, the proved to be more persistent then may at maginet Adres rejected by the FDA 2001 the basis of Sheddy data esimelone, the degree formal approval in February 2004. The impact on ImCloe's share price was immediate and by July 2008, mote that so years after the new infines sale of Stewart's share the price of Inclone was once again back above operareThe palace od Stewart about 45.000 in love by selling before the FDA raced cost to her company, her investors, and some would dar her roleh higher Questions Identify the ethical transgressions that took place in this 2. When the connection between Imione System and Martha Stewart was finale analysts speculated that she would emerge clatively cuthod to any winer: Dr. R. Alda "forced at want to return any profit she made from selling ImCloe Does herbes jail sentence imply that she was targeted as a high-profile to dete why not? 3. Does the use of Stewart's transactice (3.92 shares for about 227.000 ke berbe any more or less ethical than full of Wakal' drughter who soldes milice in income shares at the same time as Stewart? Explain yourse 4. What would prompt a ghly regarded public figuresch Martha Stewart to the course of justice by failing to reveal the tree of her sales trace with the Clone $. What do you think would love happened if Stewart pended vid fel investig! 6 Martha Stewart's sale of clone stock really was a high-profile es case, whateve do you think itsent to other high-profile investo? S. Pie semply replaced one conflict of interest with another Why or why 6. Propose an alternative approach to more that CME is prewided without it interest 2. Critical Thinking: Head and answer the questes below mark At the end of December 2001. design pure Martha Stewart, dessive a Martha Stewa Living Ommelsreportedly old 3.928shares of deck in ang company illede System. The 3.928 shares represented her entire holding ImClone, and the ele finched over 5227,000 for Stewarten an wenge selling price found 55 perhe luge transaction by Wall Street andande. In factwachegame transactions that took place that day, should not have any due to it revealed that Stevens had a long-standing relationship with the chief executive of these System, De Sam Wakial and that within a day or two of her the food and Drug Administration (FDA) woulde an unfavorable angie's words Erhite, which see the neck plucing from a highof875 per share to com only 85.34 per share in September 2010 Further investigation revealed that members of Wakal's immediately held Hocke of shares in the two days preceding the FDA amencement One of the block of shares woh $2.5 million and his other daughter, along with her husband Examiner Dr. R. Adder shares weeth $300,000. Waksal was able to complete the sale of 0.000 shares in the company. The fact that Wakal had died Swart's daughter fe yanda further complication to what was rapidly becoming a very questionable basse management The bus dring was believed to hold tremendous poils cacer so that Bridol-Myers Squibb had agreed to pay si in 2001 for the righe prompting the increase in the store price to S70 The subsequent collapse the same price abeatfected shares in Stewart's own company. After Wakal was amestece imider trading in his own company share the sum of MatheSteen Living fell by 12 percent At the time of Wakal's nest Stewart who had yet wowed of my woning offered defense to the media that she had an am-ingheship to the sale of stock-in other words she at an existing onder with her bruker to the below 56 pere, and so this transaction was then and by inside information from her friend San Wakal. However, thered the even though the stock price had fallen below the occasions in the specie the sale there was no me sale of the shares Swart had come to revealed that Stewart had placed a call to be broket, Peter Bacdarganfongs on a flight to Mexicon her private jet She made a call Walsal during the same by coincidence, Racanovic was the broker for Wakalando Hewa suhtly ended by Merrill Lynch Atlet nummos attempts by her legal team to fight on her call, Sarwarte deliver more than 1,000 pages of documestecating email messages from here phone record the congelmiimeingewe of her neck August 2002. She was eventually indicated set for the sale of the wecke mider trading, but for bruction of justice for lying to federal seats under the show the details carounding the transaction. She served five months additional five months under house amet. Bacoviceveda nemocnice for crimes related to the sale of the weck on behalf of Swart and member of the Wil family he was bored from the securities industry and paid a $75,000 to the Site and Exchange Committee and trading durges Wakamera month prisen sentence and he settled the SEC inside trading case against him and his fathet For more than 55 milli Ironically, Ebitus proved to be more persistent a la imagined After being tejected by the FDA in 2001 tens of the data from in the need formal appeal in Februay 2006. The impact on InCone's share price was meant by July 2008, more than six years after the bowiem sale of State the of low once again hacka Sto persone. The original tracta about $45.000 in bees by selling before the FDA reject was menced in empect the Cost to her company, la investors and we were to her higher Questions Identify the ethical transgressitud took place in this case 2. When the chestion that he will w After numerous repts by her legal team fightes ber behalf Stewart delive than 1,000 pages of document including e-mail messages from here and phone corde to the congressional committeenvestigating the sale of her limeshack August 2012. She was eventually indicted for the sake of the deck soos trading but for him office for lying to falemnder what the details surrounding the trace. She served five sense aditional five months under home anest Blocvicenda five modele crimes related to the sale of the stock behalf of Swatant members of the wat family, he was banned from the industry and paid $75.000 ise to the Securities and Exchange Commission to settle inside-trading charger Walsall med month priore sentence and he settled the SEC insider trading Che painst him and his father for more than 55 million Ironically, the proved to be more persistent then may at maginet Adres rejected by the FDA 2001 the basis of Sheddy data esimelone, the degree formal approval in February 2004. The impact on ImCloe's share price was immediate and by July 2008, mote that so years after the new infines sale of Stewart's share the price of Inclone was once again back above operareThe palace od Stewart about 45.000 in love by selling before the FDA raced cost to her company, her investors, and some would dar her roleh higher Questions Identify the ethical transgressions that took place in this 2. When the connection between Imione System and Martha Stewart was finale analysts speculated that she would emerge clatively cuthod to any winer: Dr. R. Alda "forced at want to return any profit she made from selling ImCloe Does herbes jail sentence imply that she was targeted as a high-profile to dete why not? 3. Does the use of Stewart's transactice (3.92 shares for about 227.000 ke berbe any more or less ethical than full of Wakal' drughter who soldes milice in income shares at the same time as Stewart? Explain yourse 4. What would prompt a ghly regarded public figuresch Martha Stewart to the course of justice by failing to reveal the tree of her sales trace with the Clone $. What do you think would love happened if Stewart pended vid fel investig! 6 Martha Stewart's sale of clone stock really was a high-profile es case, whateve do you think itsent to other high-profile investo