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The higher level you go, the less incentive there is. Take things down to a much lower level. For instance consider the ImClone insider trading case. Martha Ste
by indubitable 9y ago
The higher level you go, the less incentive there is. Take things down to a much lower level. For instance consider the ImClone insider trading case. Martha Stewart was a well known (among certain demographics) television personality, was on the board of directors of the New York Stock Exchange, and more. She risked, and lost, all that and ended up going to prison for acting on inside information. Her total gain was $45,673...
I think it's easiest to logically consider everything in reverse. Let's assume you're correct, that this sort of thing never happens. So that entails two possibilities. The first:
- No reporters, or individuals with the ability to influence what is written, have vested interests.
I think the above can be pretty easily dismissed as false. But if it's false we can assume at least some people have vested interests. Which leads to the next possibility:
- Those with vested interests choose to never actively utilize their position to further their interests
And again, I think we can pretty safely declare that's false. So it's not a matter of does it happen, but to what scale it happens. And that is going to be pure speculation. Although it would logically follow that the more people that a vested interest in event x, the more common the occurrence of biased media in favor of provoking x would be expected to be seen.
- tanderson92 9y ago> She risked, and lost, all that and ended up going to prison for acting on inside information That is not why she went to prison.
- doingmyting 9y agoI thought she went to prison for selling 200K of ImClone stock based on advice she got from one of the founders after ImClone failed to get FDA approval for their drug. What am I missing?
- r00fus 9y agoPray tell, why then?
- Coffeewine 9y agohttp://www.nytimes.com/2004/07/17/business/martha-stewart-s-sentence-overview-5-months-jail-stewart-vows-ll-be-back.html http://www.nytimes.com/2004/07/17/business/martha-stewart-s-... > for lying to federal investigators about a stock sale that she called ''a small personal matter.''
- diziet 9y agoThe charge (amongst others) that caused her to serve time in jail was 18 U.S.C. § 1001 (making false statements to federal investigators). The why was most likely insider trading allegations.