The Insider

The companies, like Brown & Williamson, didn't impart these activities to the government or to their customers (The Insider). A film released in 1999, The Insider, tells the story of two whistleblowers. The first whistleblower who has a Ph.D. in biochemistry, Dr. Jeffrey Wigand, was an upper-rank Brown & Williamson executive. Brown & Williamson at that time declined that nicotine was, in any way, addictive. They also stated that the research behind tobaccos detrimental effects were hoaxes and that tobacco didn’t impair health. A little later in 1995, Dr. Wigand became the first tobacco company employ to provide supporting evidence that the tobacco industries knew for decades that smoking caused cancer to some degree and that tobacco was very addictive because of the high nicotine…

The decision to act against the establishment is never a simple decision and often involves the escalation of internal and external conditions for the whistleblower. Although Wigand in The Insider is fired after refusing to support the company’s actions, he initially refuses to disclose anything to the public. He first acts solely to defend himself and his family, but after an arduous cycle of institutional pressure and a series of internal realizations throughout the film, Wigand’s individual…

statements and information as it is very important to the decisions they make. When this information is leaked or used prior to its release to the general public, it can cause substantial changes in the pricing of a company’s stock. “Insider trading” is a term that is commonly known to investors, but what is insider trading? This term in most cases is references to illegal actions. However, the term speaks to both legal and illegal actions. According to the U.S. Securities and Exchange…

IMPACT OF INSIDER TRADING LAWS IN AUSTRALIA 1.0 INTRODUCTION Securities law in Australia is predominantly governed by the Corporations Act 2001(the Corporations Act). On the other hand, the Australian Securities and Investments Commission (ASIC) is charged with the mandate of regulating the securities market with insider trading being a current priority. The Australian insider trading provisions are notoriously difficult to comprehend as they poise a conundrum in definitions of insider trading…

the market. R. Foster Winans disclosed this information to the stock brokers before the company made the information available to the public. The crime that was committed in this case is referred to as insider trading. Insider trading is when employees inside of a company have access to profitable information that has not been made available to public in regards to the stock market. In addition, insider trading is unethical because insider trading violates the U.S. Securities and Commission…

Case 7: Gillian and Insider Trading Who has moral responsibility for deciding what to do? In this case we are introduced to Gillian Lee, the Senior Administrative Assistant to the VP of Operations at Global Potash Enterprises (GPE). Gillian is faced with the ethical dilemma of whether or not to use insider information about GPE to her advantage. Gillian had recently seen a preliminary geographical report on her boss Jerry Adams’ desk, detailing the minimal amount of minable potash in GPE’s…

Orson Scott Card’s definition of an outsider conveys an idea that outsiders can see things more clearly and are important to everyone around them. He compliments their stronger sense of self compared to the rest of people in society. Card mentions how an outsider has a unique perspective than everyone else and that great heroic deeds are made by outsiders because of this unique perspective. While there is a notion that outsiders are not important, it is clear that outsiders are necessary in…

Ensuing death threats lead to years with personal bodyguards as he feared for his life. His wife divorced him, his children chose to go live with their mother and disassociate with him. The pressure and stress caused him to begin drinking heavily. At one point his home and offices were broken into and that coupled with the death threats led him to live anonymously in hotels with his full time bodyguard. There were lawsuits brought against him for revealing trade secrets. These suits were…

In this paper, we will look at what makes a minority shareholder more attractive to protect than in corporate insider in different states. A minority shareholder is someone who doesn’t own enough shares to have a controlling vote in a company. While a corporate insider might be a manager or someone that owns voting shares in a company as well as anyone who uses insider knowledge of a company in order to manipulate the market. The main question that Cioffi and Hopner try to answer in the article…

The movie “The Insider” is an award winning film that viewed several ethical reasoning tactics. The main character of the film was Jeffrey Wigand who was employed by Brown and Williamson that shared information with Lowell Bergman, a producer for 60 minutes, about their illegal activity. Although, Brown and Williamson was the third largest tobacco company in the country, they used their power to gain a profit by inserting illegal addictive drugs into their cigarettes. This company defined…