#4 Martin F. couldn’t have received more alarming news. Martin was president – and a major stockholder - of the Mita Company a highly-specialized electronic firm. For some time now, it was common...

#4
Martin F. couldn’t have received more alarming news. Martin was president – and a major stockholder - of the Mita Company a highly-specialized electronic firm. For some time now, it was common knowledge that all of its six competitors in the electronics industry were busy working on new products. The first one to sell it would acquire market hegemony.
Martin received confidential information that the main competitor already could put on sale a new product in six months’ time. He got to know this from a former researcher of the said competitor. This man, moreover, dropped a hint that he was ready to work for Mita if Martin would pay him 80% higher.
An agreement was reached. The researcher joined Mita. After six months, Mita beat the competitor in the new product, though only by a hairline. Profits were substantial.
Question:
What is the main problem here?What would you do if given a better offer by a competitor? Cite circumstances that may affect the ethical implications inn cases like these. If you are offered with handsome pay by a competitor, will you take it or not? Support your answer.