HOW ETHICAL ARE BUSINESSMEN?
Raymond C. Baumhart
As a director of a large corporation, you learned at a board meeting of an impending merger with a smaller company? Suppose this company has had an unprofitable year and its stock is selling at a price so low that you are certain it will rise when news of the merger becomes public knowledge. Would you buy some stock? Or tell a friend? Or tell your broker?
As president of a company in a highly competitive industry, you learned that a competitor had made an important scientific discovery which would give him a substantial advantage over you? If you had an opportunity to hire one of his employees who knew the details of the discovery, would you do it?
An executive earning $10,000 a year who has been padding his expense account by about $500 a year?____________________