Purpose: The purpose of this paper is to investigate whether there are information leaks immediately before CEOs change and – if so – whether some investors take financial advantage of such prior knowledge. It thirdly investigates the ethical, practical and professional options for...

The following sections are included:The Arcelor and Mittal Steel Merger NegotiationsArcelor's ShareholdersThe DefenseAnother BillionaireThe Deal Closes

Purpose – The purpose of this paper is to find out whether, which and how international corporations use their codes of conduct to guide employees double‐bound by contradicting cultural norms. Design/methodology/approach – The paper draws on integrative social contracts theory to...