The Democratic National Committee said that Bill Frist was involved in a "growing ethical scandal that has engulfed his office.".* The Democratic National Committee said that Bill Frist was involved in a "growing ethical scandal that has engulfed his office." In June, Frist sold stock in his family company, HCA HCA, n.pr See acid, hydroxycitric. Inc., just before it announced lower-than-expected earnings and its stock price fell 9 percent. Frist was accused of insider trading and linked, by Democrats, to a supposed "culture of corruption "Culture of corruption" is a political slogan used by the United States Democratic Party to refer to a series of political scandals affecting the Republican Party during George W. Bush's second term as President of the United States. " among Republicans. But then the facts began to come out. Frist had sent an e-mail to his accountant expressing his desire "to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose all hospital stocks in all accounts that I have control of" well before the company's earnings could have been known to anyone. Around the same time, he also began the laborious process of clearing the sale with the Senate Ethics Committee ethics committee A multidisciplinary hospital body composed of a broad spectrum of personnel–eg, physicians, nurses, social workers, priests, and others, which addresses the moral and ethical issues within the hospital. See DNR, Institutional review board. (which took until June to complete). That's pretty strong evidence suggesting that Frist did nothing wrong. It seems to us that this "ethical scandal" is shrinking. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion