Ryman Pharmaceuticals You are a test engineer on the Bridge project at Ryman Pha
ID: 428618 • Letter: R
Question
Ryman Pharmaceuticals You are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville Tennessee. You have just completed conductivity tests of a new electrochemical compound. The results exceeded expectations. This new compound should revolu- ionize the industry. You are wondering whether to call your stockbroker and ask her to buy $20,000 worth of Ryman stock before everyone else finds out about the results. What would you do and why? Princeton Landing You are managing the renovation of the Old Princeton Landing Bar and Grill. The project is on schedule despite receiving a late shipment of paint. The paint was sup- posed to arrive on 1/30, but instead arrived on 2/1. The assistant store manager apologizes profusely for the delay and asks if you would be willing to sign the accep- tance form and backdate it to 1/30. He says he won't qualify for a bonus that he has worked hard to meet for the past month if the shipment is reported late. He prom- ises to make it up to you on future projects. What would you do and why?Explanation / Answer
Ryman Pharmaceuticals
The new compound is revolutionary and can definitely improve the stock price of Ryman Pharmaceuticals in near future. It does seem enticing to buy stocks at this point in time however, if I buy stocks of the company based on this available information, it would qualify as insider trading and would be both morally and legally wrong. Hence, I should not buy stocks basis this information.
Princeton Landing
It appears to be an act of kindness if I sign the acceptance form and backdate it to 1/30. It will definitely help the store manager however doing so in an unfair business practice. If someone promises to make it up to you on future projects, it is equivalent to a bribe and would put me in legal trouble either in current or future projects. Hence, I will not sign the acceptance form and back date it to 1/30.
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