Donna, a corporate director, sold 100 shares of stock in her corporation on June 1, 2007. The selling price was $10.50 a share. Two months later, after the corporation had announced substantial losses for the second quarter of the year, Donna purchased 100 shares of the corporation’s stock for $7.25 a share. Are there any problems with Donna’s sale and purchase? Explain.
Answer to relevant QuestionsEric Ethan, president of Inside-Outside Sports Equipment Company, has access to information which is not available to the general investor. What standard should Eric Ethan apply in deciding whether this information is so ...The ABC department store refuses credit to Mary Jane. Mary Jane has a good job and no debts. She cannot understand the refusal. What would you suggest Mary Jane do? Explain. Explain how the U.S. Constitution limits government privacy intrusions. Why is this not an effective limitation on private businesses? How have shareholder groups tried to make environmental concerns relevant to corporate governance? Martel, a competent male secretary to the president of ICU, was fired because the new president of the company believed it is more appropriate to have a female secretary. (a) Has a violation of the law occurred? (b) Assume ...
Post your question