June 21, 2005
Blackwell Convicted of Insider Trading
A chaired marketing professor at the Fisher School of Business at the Ohio State University, Roger D. Blackwell, was convicted of insider trading. (See Story) He served on the board of a company that was subject to a takeover and told friends about the event before it was announced. The embarrassment for the school is one for the history books. Blackwell had made a large gift, most of it testimonial, towards the building of a hotel in the business school complex and has his name etched in stone on the building. The hotel is called the "Blackwell." Until yesterday the hotel feature a prominent display case containing the most popular of his 20 or so books. He was a very effective public speaker and, as such, a very popular teacher in the upper class and master's programs. Thousands of students have taken his classes. Indeed, he taught a class last quarter, after his indictment.
In a stunning display of bad taste, the local newspaper, the Columbus Dispatch, ran a second story on the conviction that asserted, and I am not making this up, that he could make more money after his conviction than before if he played the Martha Stewart card -- writing a book on his fall from grace. Someone tell the Dispatch that he is going to prison -- and for a much longer term that Martha served -- unless he can win on appeal.
June 21, 2005 | Permalink
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Dr. Roger D. Blackwell, a professor of marketing at Ohio State University, was convicted of 14 counts of insider trading, conspiracy, and obstructing an SEC investigation into trading in the securities of Worthington Foods through the use of informatio... [Read More]
Tracked on Jun 21, 2005 10:28:00 PM