4 Step Ethical Analysis

1. Situation (Who, What, When, Where) ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

2. Ethical Standards (Write the definitions and relate actions in the case to the definition) 1_________________________________________________________________________________________________________________________________________________________________________

2_________________________________________________________________________________________________________________________________________________________________________

3. Consequences (Who was affected and how?)

Individual__________________________________________________________________________________________________________________________________________________________________Family____________________________________________________________________________________________________________________________________________________________________

Organization_______________________________________________________________________________________________________________________________________________________________ Employees_________________________________________________________________________________________________________________________________________________________________

Customers_________________________________________________________________________________________________________________________________________________________________

Shareholders_______________________________________________________________________________________________________________________________________________________________Suppliers__________________________________________________________________________________________________________________________________________________________________Competitors________________________________________________________________________________________________________________________________________________________________Government_______________________________________________________________________________________________________________________________________________________________Society____________________________________________________________________________________________________________________________________________________________________

4. Bible Verses (Write the verse and explain how the actions done relate directly to what God says)

1.________________________________________________________________________________________________________________________________________________________________________2.________________________________________________________________________________________________________________________________________________________________________

group of other students to New York to tour Wall Street and meet with several investment companies ETHICAL CASE MARTIN SHKREL' here. During the tower, your professor introduced you to a person working with hedge funds Martin Shkreli. You were immediately impressed by the charm and charisma of this individual and fascinated by what he had done but were a little curious about why he was moving into the pharmaceutical industry You were even more surprised several years later when you saw his name linked with price gouging. A 32-year-old, boastful pharmaceutical executive by the name of Martin Shkreli grabbed media atten- tion in late 2015 for allegedly price gouging vital drugs. The son of Albania and Croatia immigrants who did janitorial work in Brooklyn, Shkreli bought the American dream. By age 17, a graduate of an elite Manhattan high school, he became an intern for Jim Cramer's hedge fund. After graduation from Baruch College, he began investing in biotech hedge funds and eventually became CEO of two pharmaceutical companies--Retrophin and Turing, He was described as brass in both his personal and professional life. He had no real experience in drug or disease research, did not care for patients or drug development, demonstrated little understanding of customers, and never demonstrated he could lead people. Accusations included a complaint by the SEC that Shkreli began losing money and defrauding investors from the time he began managing money. At one point he had collected $331 million from investors. But he gained notoriety when he raised the price for Daraprim (a treatment for serious parasite infection) from $13.50 per pill to $750. He was arrested by the FBI at his midtown Manhattan apartment at 6:30 am on December 17. He was accused of repeatedly losing his investor's money, lying to them about it, and illegally taking money from one company to pay off debtors in another company. From a distance, his management style was described as a Ponzi schemea wannabe Bernie Madoff. Shkreli's lawyer, Evan Greebel, was also ar- rested and charged for allegedly assisting in the schemes. A total of seven charges for securities fraud and conspiracy counts. A grand jury in Brooklyn added an eighth charge for conspiracy to hide control of stock. Both Shkreli and Greebel denied all charges and said the allegations were based on a flawed theory. Martin Shkreli, leader? You began to question his ethical leadership. You begin to seriously question his ethics in general. For a leader you were once so impressed with as a student, what had happened to his leadership example? 11 APTER 6: ETHICAL LEADERSHIP AND STAKEHOLDER RELATIONS