INTRODUCTION
“Greed, for lack of a better word, is good. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit,” said Gordon Gecko, a character in the 1987 film, “Wall Street” . Greed forms the foundation of capitalism, which is based on a laissez-faire economy. Greed is the natural desire for humans to try to accumulate as much as possible for oneself.
Foreign investors have always steered "as far as possible" from the Indian stock market . The simple reason for this is that India is plagued by various scams, controversies, and allegations of insider trading that have not satisfactorily been acted upon.
The Securities and Exchange Board of India (“SEBI”) has been in existence since 1988, and assigned
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Here, an “insider” (otherwise referred to as a “connected person”) is anyone who has access to information relating to the working of the company which has not yet been released to the public at large. This person could be a director of the company, a high ranking official, or anybody who has a working relationship with the company and can be expected to possess classified information in this regard. The term “unpublished price sensitive information” refers to anything not known to the general public, knowledge of which – if published – is likely to affect the securities of that company. This could include the financial records of the company, information relating to mergers and acquisitions, proceedings against members of the company, or any other similar information.
Note, the term “published” here does not necessarily mean that the information must be furnished by the company. It can be made known to the public at large from any source. For example, if the director of a company is under criminal investigation, but this has not yet been intimated to the public, then for an official in the same company to deal in shares of that company with this knowledge in mind and with the intention of
Some people might say that greed is good because unregulated capitalism was beneficial for living conditions. This was because many inventions came along the way helping the manufacturing of products much easier and efficient. Also many people got hired for companies that were starting to flourish and made competition for various products that people often wanted. As a matter of fact, a new mindset of beginning capitalism, capitalism is the right to own and profit from you own company, surged. Furthermore, there were alot of ethnicities of immigrants, were political figures enforced
Despite this India is still a complicated place for foreign investors. A weak parliamentary government has very little purview over the provincial and local ministers who were elected entirely separate from federal elections. The fragmented nature of the country’s political system has and will continue to prevent major
Greed can be a powerful motivating force, evident through the positive impact it had on Industrialization in America during the Gilded Age. During this time new inventions became plentiful, but where there were new inventions there also had to be new businesses to back these inventions up and allow them to be successful. Wealthy business owners were able to help in this regard. They already had the capacity to help facilitate the creation of these new inventions, but it did not stop there. This is where greed came in. Greed is the intense and selfish desire for wealth, and it was this that empowered the rich during this time to expand upon their already successful businesses to become even more rich and powerful than they were before. This led to a surge of businesses in the country, and it was all due to greed. It was this desire for more that led to an increase in productivity in the country that helped with the spread of technology throughout it which made it more enticing for immigrants coming to America.
Greed is a wonderfully horrid thing. A necessary sin, it has the capacity to bestow great wealth and power, as well as tear it away. It can power an economy or destroy it. And the frightening part? Greed lives within each of us, making us want more, and work as hard as we can to get it. Capitalism both nourishes and feeds from this beast, much like a cow does a farmer. Our supply and demand economy benefits the consumer greed by giving us what we want, yet also benefits the producer, allowing them to take what they want in order meet the consumer’s hunger. No other system in the world supports the human nature as much as capitalism. Yet, many capitalist countries find themselves in debt. Why would such a seemingly perfect system have this glaring flaw? The answer is again greed. In order to get more out of consumers for what they want, producers feed the greed of outside countries for cheaper parts, cheaper labor, and looser morals. Of course, this benefits the consumer because our hunger for the new and flamboyant is fed much more quickly, and even more cheaply, by this system. Greed is as American as a hotdog (made with pig scrap so the shop owner can get it to you for under a buck, of
Greed takes over many peoples lives today and it seems that the world revolves around money, wealth and other things and it controls many peoples lives. For example, the four children that own walmart made over 29 Billion dollars a year for owning walmart but they pay their 1.4 million workers so little that they can’t support themselfs. This example should really be addressed because even though they make so much money a year that they could just burn most of it and still be rich when their workers struggle to make a living. On the other hand Walmart started from nothing and grew to where it is.
During the early 19th century the market, economy, and communications began expanding rapidly. As these were developing and expanding there was a hunger for more. A hunger for more power and wealth. This starving hunger for more is known as greed. Greed poses the question “is greed good”? So , is it? Is a need or want for more, good? And if so, how? After analyzing and depicting articles about the 1800’s it is evident that greed is good, and here’s why;
Greed is a selfish excessive desire for more of something than what is necessary or required. Greed within America has gradually escalated over the years hence; people have become corrupt with selfish ideas to obtain power, resources, and money without limits. Greed within America can be found all around the world in the wealthiest places and in poverty-stricken areas. There are many forms of greed it could be as small as a person stealing from a local mall or as big as a president instigating a war to steal recourses basically any person finding the means to take something more than what is necessary. In the past, there has been instances of greed displayed by our country one of them being The Boston Tea Party. The Boston Tea Party was brought about by “Taxation Without Representation” American colonists believed. Britain taxed unfairly to pay off damages that they had sustained during the French and Indian war. American colonists were approximately drinking 1.2 million pounds of tea per year, Britain realized this and made even more money by imposing taxes onto the American colonies not only with tea but also glass, lead, oil, paint and paper. By imposing taxes on the American Colonists on what they considered a
Merrian-Webster Dictionary defines greed as a selfish and excessive desire for more of something. Greed causes people's decisions to be abnormal and cause them to do things they would normally not do. The gas shortage in Texas after the Hurricane Harvey and the characters in The Crucible by Arthur Miller both show the motif of greed as seen through the interviews and the characters, Parris and Thomas Putnam. Where their greed causes their decisions to hurt others emotions. We see the motif of greed a lot during the gas shortage during Hurricane Harvey, “The shortage may have been largely prevented if drivers had continued filling their vehicles as normal, according to CNN”(Pearce).
Greed is what drives everything in society, whether that be thousands of years ago or today. The reason we have advancements in our world is greed. People want to live forever, have a legacy that lives forever, or they want to have the most money. People have a natural desire to have the most stuff, whether that be money or physical good, and they will go to the ends of the earth to get it. And because this is human nature, unfortunately, it isn’t stopping anytime soon.
The article by Thomas Cassidy, points out the instrumental role that greed plays in the modern corporation. Modern Economists have always seen greed as not only a necessary element in the corporate environment, but as also a vital part of the successful evolution of a public company. As the article points out, “Economists from Adam Smith to Milton Friedman have seen greed as an inevitable and, in some ways, desirable feature of capitalism. In a well regulated and well balanced economy, greed helps to keep the system expanding”.
The law defines different terms very broadly which is very effective in prosecution. Take the definition of “connected person” as an example, according to the law, a corporation may connect to another corporation, a director or employee or a substantial shareholder may connect to a corporation. If the insider has a fiduciary duty to the company, such as that held by a director, the company may claim any profits he makes from abuse of his position. The duty is held to the company, rather than to individual members and so a member who sold his shares to directors who had information affecting the future value of those shares was unsuccessful in a claim against those directors. But you can try to bring legal action against the company instead of the director.
Capitalism started up as a system of investing and sharing money in order to increase the value of resources in the future. Capitalism was just an economic system, but then soon turned into a complex system of ethical practices. Harari defines capitalism as, “a set of teachings about how people should behave, educate their children and even think” (Harari 314). This economic system evolved along with the people that were endorsing it. Capitalism enables the rich to get richer, while the poor continue to get poorer. There are many benefits to capitalism, but there are downfalls as well, and these downfalls tend to be masked because of the rapid speed capitalists grow at. Harari first presents a definition for capitalism, and soon goes into great detail on why capitalism, while fast paced and unforgiving, is able to stand unwavered while other productions fail.
Issue 5: Has Patricia breached the prohibition of insider trading through the use of price-sensitive information when engaging her sister to buy shares in FPPL?
The laws restricting insider trading define "inside information" as information that is both "material" and "nonpublic." Material information includes any information that is public.
| * David should not disclose confidential information outside the firm. * If he seeks advice from his friend Peter, he will breach S140.1 & S140.5. * Peter can trade this information to benefit him – affecting MAL.