who report and make known unethical and illegal actions taken by their employer. The employer could be a publicly traded or privately held company or a not-for-profit organization. The whistleblower may choose to release their findings and information uncovered within their own company or to outsiders such as the news media, law enforcement officials, or federal regulators. In every case of a whistleblower coming forward there is a shared desire to stop the unethical and possibly illegal behavior
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Hard Times and Why It’s So Hard to Do What Makes Good and Smart People Do Dumb and Unethical Things? Professor Marianne M. Jennings W.P. Carey School of Business Ethical Lapses • • • • • • • • • • • • • • • • • • • • • • Student loan lenders: Sallie Mae and 17 universities Adelphia Boeing Cendant Computer Associates Tyco International T I t ti l General Electric Global Crossing Merrill Lynch Enron Qwest WorldCom Royal Shell Nortel Krispy Kreme Refco UnitedHealth Group Merck Chiquita World Bank
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the leadership of Enron and its Board of Directors is a virtual how to on how unethical decisions can and will eventually bring a company to the brink of collapse. The short term rewards of unethical activity can be quickly overcome by the destructive force of investigations and market swings. How greed and lack of oversight can cause the disruption of the livelihoods of employees not directly involved with the unethical behavior. We will examine the events leading up to the bankruptcy of Enron
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subject of conversation. In the past ten years, we have seen numerous situations associated with collaborative scams which have shaken the people's trust in businesses and also the general economic climate. A few of the many distinguish frauds are the WorldCom and Enron's scams and incidents such as these designed us all, as upcoming corporation professionals as well as market leaders, think about ethics and its particular function in the commercial world (Gross, 2010.) Organization integrity can be
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Applying Ethical Theories to Whistleblowing Didi G. Wright Stevenson University Every day as professionals, we are faced with challenging ethical dilemmas to report perceived wrongdoings or some breach of trust by our coworkers. As individuals, each of us has set of values and beliefs that we adhere to and used as guides or moral compasses when making difficult decisions. Cynthia Cooper like many of us was faced with a similar conflict which she was hesitant to speak out because of the
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Managing Business Ethics Ask business managers how to manage business ethics and they are bound to receive many answers or quizzical looks. How can managers educate employees about the importance of business ethics in the company? Integrating business ethics into an organization, one must first be able to understand business ethics. Trevino and Nelson’s textbook, “Managing Business Ethics Straight Talk About How To Do It Right” (2011), introduces students to this topic. As a result of many
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not imply that revenue says it all. Riding on the tide of growth fetish (Hamilton, 2003), Nike would examine if contracting “Nike sweatshops” has become a way of life at the firm. If unethical behavior becoming a norm at Nike, it can risk the Oregon based firm all that it has like the scandals at Enron, Worldcom, Tyco, and Global Crossings and many others. In addition,
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Unit 3 Research Paper # 1 Business Law Outline Thesis--Government Regulation is needed in the U.S. to keep scandals from ruining our businesses livelihood and the financial futures of all Americans. Introduction Many acts have been created because of controversy and scandals that have and continue to happen in the U.S. These acts were introduced to prevent individuals and businesses from losing everything and to help the government to keep individuals and businesses safe from scams
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Accounting ethics is primarily a field of applied ethics and is part ofbusiness ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse
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BENEFICIARIES: All Project Managers. PROJECT DURATION: 13 Months. BACKGROUND INFORMATION: In the recent past, there have been increased cases of professional malpractice. There have been increased cases of scandals in the business world. The scandals of WorldCom, Enron, Tyco, Merck, Bristol, Kenya Airways, Haco Industries and many others across the world have shaken the public confidence. A study by an American accounting firm revealed that large American corporations each lost on average $1.3 million from
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