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He should never had traded the stock if he was not prepared to accept the risk, or did not personally have belief in the stock's prospects. It is irresponsible to trade stock based on the recommendations of television analysts.
In a moral sense, Rick Stedman, if he was indeed committing a pump-and-dump, knew that some viewers may suffer adverse consequences. However, the limits of his moral responsibility are with his responsibility to the network. He is not morally responsible for the actions of any individual viewer. Likewise, the network is in the news and commentary business. That viewers may trade based on things that they hear or see on the network is a given. The network's oversight with respect to controls on its analysts does not amount to a moral responsibility.
No matter the set of events that lead to the unfortunate loss suffered by James Lee, the final decision to trade was made by Mr. Lee himself. He alone had the control to make this decision and could have stopped himself at any time. In stock markets, the onus of the decision-making is strictly on the investor and they must always conduct due diligence. This is not merely a financial obligation but a moral one as well. One cannot reasonably expect to walk through life making irresponsible decisions and expect to place blame on others. Mr. Lee had a moral obligation to himself to conduct due...
The company did the right thing in hiring a law firm to investigate the allegations. The company is obligated to protect the interests of its owners, and Rick Stedman was potentially engaged in a conflict of interest. Thus, DNHC was protecting its own interests and the interests of its major stakeholders against potential harmful actions by one of its employees. That no more serious form of investigation was conducted by the company fits with the company's obligation to its employees to treat them with due respect, not treating Stedman as a criminal based on a single relatively-unsubstantiated accusation.
The company needed to develop rules for its analysts, but the company probably did not do the right thing, simply because it did not go far enough in protecting itself. The rules as stated do not appear to be adequately sufficient to protect the interests of DNHC and its stakeholders. The basic action was the right thing, however, despite this shortcoming in the outcome. The network does not know precisely how the courts will treat lawsuits stemming from a proven pump-and-dump situation with one of their analysts. Thus, they must demonstrate that they took reasonable steps to prevent this situation. Such steps protect the network, the viewers and to some extent they protect the commentator as well.
As many forms of live donation do not cause harm to others, and as we allow the donation of blood for payment, we violate the categorical imperative by banning the sale of human organs. It has been argued by some that banning organ donation is within the bounds of Kantian ethics because we have collectively agreed to the conviction that "such a practice would diminish human dignity and our sense
As one analyst points out: "it owns neither content nor the delivery mechanism. Though a global business, it has no geographical control anywhere in the world. Since nearly all its consumer services are free, it doesn't have the power to raise prices and has no ability to exclude competitors or somehow block access to competing services. It operates in an environment of healthy competition" (Ulanoff 2009). On the other
International Management The European Union is "a unique economic and political partnership between 27 European countries" (EU, 2012). The European Union describes its objectives are relating to the idea that "countries who trade with one another become economically interdependent and so more likely to avoid conflict" (Ibid). There are a number of stated objectives. The first is "to promote human rights both internally and around the world," including human dignity, freedom,
Differences in international orientation include ethnocentric, polycentric, geocentric, and regiocentric. Each of these has varying levels of recognition of how diverse one culture is relative to another with the ethnocentric mindset being the most biased towards ones' own culture being the best. The one that sees a more accurate view of globalization is polycentric which sees the unique values of each culture on its own merits. Globalization has also seen
International Management When businesses go international, they have to face a number of issues and challenges from their external environment. The international business environment is much more complex and multifaceted than local environment. Business organizations have to deal with a number of environmental forces that directly or indirectly affect their business operations. These forces include political forces, economic forces, social, cultural, and demographical factors, technological forces, and competitive forces (Loudon, Stevens,
This is attractive because Russia has long been industrialized, so its managers and workers are capable of functioning in that environment. There are many natural resources that firms can take advantage of as well. Additionally, Russia is a gateway to other markets with which it has close trade ties, throughout the former Soviet Union. India India is the second most-populous country in the world with 1.2 billion and may eventually overtake