A Case Study on Who Cares whose shares -Business ETHICS #Who Cares whose shares

2. INTRODUCTION
Five successful years at PharmChemCo (PCC), a leading pharmaceutical and
chemical corporation, brought career triumphs and financial prosperity to a
regional marketing director in the North East.The routine Friday night revelry
with friends took an unexpected turn when a confidential disclosure during a
tumultuous workday unveiled potential lethal side effects linked to one of PCC's
bestselling herbicides.The disclosure, shared in a high-level meeting, emphasized
strict confidentiality regarding the imminent publication of these findings in Big
Science magazine.This revelation induced a sense of unease and ethical turmoil
as the regional marketing director foresaw a probable market downturn following
the article's release, contemplating an immediate sell-off of their PCC
shares.Complicating matters, a close friend and prominent figure in the
investment sector, Freddie, had substantial investments in PCC and had advised
numerous clients to follow suit, potentially amplifying the impact of any market
fallout.Balancing loyalty to friendship and ethical responsibilities, the protagonist
grapples with the moral dilemma of sharing confidential information that could
profoundly affect their finances, Freddie's, and those of his clients.

3. 1.What are the main ethical issues in this case?
A. As Freddie's friend, you wouldn't want to see him suffer when the
information goes public. Also by telling him, your helping other
people save money because they will sell their shares. But on the
other hand, you also have an obligation to your job to keep the
information they told you confidential . If the share price of PCC is
effected before the publication goes public, they might find out you
told Freddie, and you may possibly loose your job.Who cares whose
sharesYou've been working with PharmChemCo (PCC) for the past 5
years.It's one of the biggest pharmaceutical and chemical companies
in the world.Working there has brought yourself a successful
career.You were promoted to regional marketing director for the
North East.PCC now pays a large chunk of your bonus in stock
options.

4. 2. Who are the main stakeholders here, and
how would you compare the relative
importance of their stakes?
A.This week, a special meeting was called by the VP for all of the
senior managers.Scientist in a research lab had discovered some
potentially lethal side-effects associated with one of PCC's best-
selling herbicides.An article about the research will be published
in Big Science Magazine next Thursday.The purpose of the
meeting was to discuss ways to tackle the problem.You were not
allowed to tell anyone about the information you received in the
meetingThe main stakeholders are you, as the worker of PCC
because you are directly being effected by the situation because
you work there.Freddie because he invested so heavily in the PCC
shares.The managers of major funds that invested into the shares
because of Freddie.But I don't think that they are the main
stakeholders because they may have not invested heavily into the
company like Freddie did.

5. 3. Explain how you would ultimately decide and
why?
A.Is there a difference betweenacting yourself on the information you
were given and passing this information on to FreddieI would base my
decision on what I think is right, and what is best for everyone. This is
taking a utilitarian position (The greater good)Many other people that
had shares in PCC would be effected, not just the people talked about in
this case.There is not a difference between acting yourself on the
information you were given and passing the information to Freddie
because if telling Freddie is apart of what you was going to do, then it's
the same thing.Sarai Paul

6. 4. Is there a difference between acting yourself
on the information you were given or passing this
information on to Freddie?
A. From an ethical and legal standpoint, both acting on the
information yourself and passing it on to others, including Freddie,
could be considered improper if the information is confidential and
not yet public. Trading or advising others based on non-public
material information is often prohibited and can lead to legal
consequences. It's essential to exercise caution and consider seeking
professional advice before taking any action in such situations.

7. * S
CONCLUSION
Ethical dilemmas in the corporate world often challenge personal
values and professional responsibilities, as seen in the protagonist's
predicament at PharmChemCo (PCC).The clash between loyalty to a
friend and adherence to ethical standards in the face of confidential
information divulges the complexities of decision-making in such
circumstances.The imminent revelation of potentially detrimental
information about PCC's herbicide poses a moral quandary,
highlighting the weight of responsible action in an interconnected
financial landscape.Ultimately, the protagonist faces a critical
choice: navigating the ethical tightrope between safeguarding
confidential data and preventing potential harm to their friend and
financial markets.This ethical conundrum underscores the necessity
for prudence, seeking counsel, and maintaining integrity in the face
of dilemmas that can significantly impact both personal relationships
and financial spheres.

8. THANKYOU