Helen Shaw, CFO.com | US
September 6, 2006
Anytime a corporation makes a decision to benefit itself or its employees at the expense of others, and the decision is based on non-public material information, it is wrong.
It is simply a variation of insider trading. The company knows something that it believes will drive the stock price (up or down), and acts to profit from that "inside" information.
A fact that get too easily forgotten these days, the company has a fiduciary responsibility to always consider its shareholders first, and an ethical responsibility of honesty to the public.
Spring loading violates both of these public trusts.
Posted by Mark Trinske | Sep 7, 2006 9:56 AM ET
Copyright 2011 © CFO Acquisitions LLC. All rights reserved Privacy Policy Site Map
