Group 4 MARTHA STEWART Robert – Daniel Deji. Martha Stewart,CEO Living Omnimedia.
“The bottom line is that insider trading is not wrong, actually, not if it doesn’t involve failure to perform one’s fiduciary duty or stealing information. If one learns of something from a friend or overhears a conversation or obtains the knowledge via a psychic, there is nothing wrong with making a profitable move that others hadn’t had the chance to make. - Say, a single woman learns that a very eligible and desirable potential mate has turned up in her neighborhood. Before she makes a move to get acquainted she surely doesn’t owe it to all the other single women in the region to report this fact. Quite the contrary, she should do her best to get to the potential mate before anyone else has learned of the situation.”“in the newspaper business a great deal hinges on scooping the competition. Indeed, reporters receive prizes for doing this, namely, jumping ahead of the crowd with information only they got a hold of so as to score! They and their editors should be especially keen on condemning federal insider trading laws – by the logic of such laws, scooping would have to be prohibited.”
“Insider trading laws aim to mimic rules of golf, baseball and football, all of which aim to even things out between competitors. But this isn’t because it is unfair to have an advantage, not at all. It’s because the fans wouldn’t like a contest in which the same folks – individuals or teams – keep winning. So, to make things interesting, rules are introduced that will mix things up a bit.”