Asked by Katrina Mahan on Jun 10, 2024
Verified
According to the Ethics Competency: Time Off for Bad Behavior,Samuel Waksal,former CEO of the biotech firm ImClone,was serving time in a federal prison for insider trading.He was released nine months early,for completing a counseling program for alcohol addiction.
Ethics Competency
Refers to the ability to understand, evaluate, and apply ethical principles and standards to decision-making in the workplace.
Insider Trading
Insider trading involves buying or selling a security by someone who has access to material, nonpublic information about the security.
Alcohol Addiction
A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, despite negative consequences.
- Acquire knowledge about ethical issues in organizational behavior and management practices.
Verified Answer
Learning Objectives
- Acquire knowledge about ethical issues in organizational behavior and management practices.
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