Martha Stewart
Stewart's control of shareholder voting rights disrupted the functioning of the board because Stewart was able to exercise control over the board. She put her hairdresser on the board, and clashed with the board over her compensation. Her involvement, combined with terms of her release, led to a convoluted management structure that undermined both governance and board function, in terms of being able to set the direction of the company. The directors found it difficult to act in the best interests of MSO, when those interests clashed with… Continue Reading...
Martha Stewart was convicted of insider trading it was another matter entirely: she did not have “protected” status. Indeed, the case of Salman v. United States showed that gifting confidential information to other was a violation of securities law—and so Stewart was punished, as there was evidence showing she had been gifted the information. It is called being “friends with benefits,” according to Becker (2016). Usually, friends don’t let friends go to jail, which is why Hillary and many others have avoided prosecution and why Elon Musk only received a… Continue Reading...
of such failures include scandals in corporations such as World Com, Enron, and also individual such as Martha Stewart (Jamshidinavid and Kamari, 2012). The main objective of this paper is to examine the business ethics in managerial accounting from the perspective of product liability.
Business Ethics in Managerial Accounting: Product Liability Perspective
Managers necessitate information from managerial accounting for decision making in a just about incessant and more recurrent manner. Managerial accounting permits for management planning, operation and control of the current and future of the organization for continual progression and achievement (Ghose, 2017). Corporations are completely reliant on managerial accountants for providing the accurate state of… Continue Reading...
