Assignment Task: John Wesley is an Assistant Controller for a public company. During an emergency meeting of upper management this morning, he learned that a major multi-year contract bid, which would account for approximately 20% of next year's profits, was awarded to a competitor. This will drastically lower the anticipated earnings per share.
As the assistant controller's parents have purchased a large amount of shares of the corporation to fund their retirement, the assistant controller wonders if he should let them know that the share prices will most likely drop in the next few days as news of this lost contract becomes public.
Question: What are at least five ethical issues John Wesley is facing? What is the appropriate course of action?