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Acuscan
Essay specific features
Written by:
Sarah R
Date added:
December 18, 2015
Level:
University
Grade:
B
No of pages / words:
3 / 628
Was viewed:
6933 times
Rating of current essay:
Essay content:
This will focus on the issue putting personal gain at the expense of others and hopefully describe the obligations of people who are at the controls of some of the worlds largest companies and highlight the consequences when they are not.
Issue
In 2002, Qwest, the third-largest U.S. regional phone carrier, became the target of federal prosecutors and regulators after it restated $2...
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Nacchio sold Qwest stock from January to September 2001 when he knew, but did not disclose publicly, that Qwest was unlikely to continue to meet it's publicly announced earnings targets as that year progressed. According to federal law this is insider trading. That law prohibits corporate insiders, such as officers or directors, are forbidden from trading on material information regarding the company's stock that has not been publicly disclosed...
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