Hurting someone who bought the stock earlier that day

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Many CEOs have sold shares of their company's stock when prices were near their high points. Even though their actions were legal, it soon became apparent that ' they knew that the stock was significantly overpriced. Was the CEO ethically obligated to tell the public that this was the case-even knowing that doing so could cause the stock price to plummet, thereby hurting someone who bought the stock earlier that day? (Systems)

Reference no: EM131124497

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