A senior marketing executive for an aerospace corporation is waiting in the airport lounge for his/her connecting flight. While seated, he/she spots a manila envelope, inside is a report marked “Company Proprietary” and belongs to his/her company’s major competitor. The report is also marked draft and not formally approved. The report details new product announcements and descriptions for the next 2 years. This information could save research time and budget.
What is the implication of each decision and would their behavior be a violation of law or regulation?