environment. Employers work ethic are essential to the developmental of an ethical environment. Ghosh states (2008), “The asymmetry in the employer-employee relationship and the actual functioning of power in an organization implies that an employee or group of employees can never develop responsible and ethical behavior without the support and direction of top management” (p. 68-87). My recommendation to the Lamp Electronics company is to develop an integrity instructional ethic training to teach their
Words: 1667 - Pages: 7
Enron Case 10.8.2014 Melissa Becker Boya Du Sidi (Fiona) Chen Wei (David) Yu In June of 2001 Enron’s new CEO, Jeff Skilling, was heralded as the “No. 1 CEO in the entire country and Enron was saluted as “America’s most innovated company.” Just six months later, in December, Enron filed for bankruptcy. The failure shocked the public and angered investors. How could this have happened? Did no one see this coming? Where were the accountants? Where were the controls? Enron’s public troubles
Words: 6730 - Pages: 27
Ethics Enron's culture during their heyday encouraged an entrepreneurial spirit along with a “loose tight” management style that has been highlighted in the media and the Darden CD as being part of their success (Darden CD). However, according to Hatcher (2003), Enron had a culture of “anything goes as long as it makes money”. For example, in a thesis written by Boje, Alder, and Black, the authors claim that Enron used theatre to influence how decision makers accurately or inaccurately interpreted
Words: 611 - Pages: 3
Local Lawsuit Deborah Riley Professor Maria Toy LEG100 – Winter 2012 January 29, 2012 Question #1 - Summarize the actions that lead to the lawsuit. In the suit Board of Trustees of Community College District No. 508 v. Coopers & Lybrand, the Board filed suit due to Cooper’s failure to report discrepancies and inappropriate investments by the Treasurer and Chief Financial Officer Phillip R. Luhmann. According to Kilbride (2003, p.1), “in 1988, 1990, and 1992, the Board Adopted
Words: 1396 - Pages: 6
RUNNINGHEAD: ETHICS PAPER 1 Ethics Paper Lynda Katzen MGT/496 August 20, 2014 Gary Solomon ETHICS PAPER 2 INTRODUCTION This paper is about the role of ethics and social responsibility in developing a strategic
Words: 613 - Pages: 3
Legal Advice Question #1 - Summarize the actions that lead to the lawsuit. In the suit Board of Trustees of Community College District No. 508 v. Coopers & Lybrand, the Board filed suit due to Cooper’s failure to report discrepancies and inappropriate investments by the Treasurer and Chief Financial Officer Phillip R. Luhmann. According to Kilbride (2003, p.1), “in 1988, 1990, and 1992, the Board Adopted Resolutions authorizing its treasurer to invest City Colleges’ funds only
Words: 1385 - Pages: 6
accounting profession. List the parties who you believe were most responsible for that crisis. Briefly justify each of your choices. Arthur Andersen & Co. – This company that started many years ago preached about honesty, integrity, and a strong work ethic. Through their motto that was widely portrayed and talked about, they instilled trust with their clients, auditors, regulators, and potential investors. When their significant role in Enron’s downfall and in turn, fraudulent practices, was brought
Words: 1628 - Pages: 7
includes analysis of working capital of the company, evaluation of internal control of the company with respect to the purchasing department and its operations and evaluation of Competition Bikes Incorporation’s compliance with the requirements of Sarbanes Oxley Act. Each of these analysis and evaluations are presented in sequential manner in the following sections. Horizontal Analysis of Competition Bikes Incorporation’s Financial Statements Keeping in view the horizontal analysis for Competition Bikes
Words: 4193 - Pages: 17
INTRODUCTION AND HISTORY HealthSouth Corporation is the nation’s largest provider of inpatient rehabilitative healthcare services1; it was founded in 1984 by Richard M Scrushy along with four other people as Amcare, Inc., it opened its first facility in Little Rock Arkansas and another one a year later in Birmingham Alabama. In 1986 the company went public and was listed on the NASDAQ Stock Exchange under ticker symbol HSRC. Throughout the 1980’s and 1990’s the company expanded rapidly through
Words: 1942 - Pages: 8
to be highly ethical in their decisions and actions. In addition, the Enron Code of Ethics specified that “An employee shall not conduct himself or herself in a manner which directly or indirectly would be detrimental to the best interests of the Company or in a manner which would bring to the employee financial gain separately derived as a direct consequence of his or her employment with the Company.” Enron’s ethics code was based on the values of respect, integrity, communication, and excellence
Words: 3147 - Pages: 13
