This can inculcate an ethical attitude in Foxconn’s employees and help employees make “right” decisions when they are in an ethical dilemma. Having an ethics code addresses the root cause of the problem, however research has shown that an ethics code is only effective when it is used as part of a comprehensive corporate ethics program (Mhonderwa, 2012). This can be costly to implement for Foxconn as it has more than one million employees. Lastly, the customers of Foxconn should enforce a compliance-based ethics program on Foxconn. The message must be made clear to Foxconn that if it engages in unethical behaviour, the customers will find alternative manufacturers.
Enron CFO Andy Fastow had his eye on John Olson one of the only analysts skeptical of Enron story. Fastow reward the bank with two investment banking job worth fifty million dollars. His job is to cover up the fact that Enron was financial fantasy lack. Fastow figured a way to keep the stock price up by hiding the fact that Enron was thirty billion in debt and created hundreds of special companies to perform a magic trick that prop up Enron stock by making its debt disappear. In fact, Enron was just stashing it debt in Fastow’s companies where investor could not see it.
Thus their increment is highly depended on how well the company did that enticed senior management to prioritize the fiscal success of the company over Moody’s rating integrity. This corporate cultural change eventually led to prioritizing company’s profitability over its integrity. A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings. The senior managers had to prove their credibility and worth to the investors. The pressure to please shareholders may have forced Moody’s to prioritize short-term of profitability over ratings integrity.
This is said because, more companies may also start to adopt Nokia’s idealistic ethical standards and boycott suppliers who are unethical. I do feel that such ethical and drastic measures taken by Nokia can be a stepping stone towards creating a more secure and harmonize working environment for employees. Applying the theory of contractarianism, a social contract which prioritizes the welfare of employees and is fair to all can be developed, and practiced by more companies. Given that this contract is fair to all, companies are highly likely to abide and agree to the contract for the betterment of the working
To achieve this, they sewed up deals with fictitious clients.For good measure, profits too were padded up to show healthy margins. Over the years, these ghostly clients understandably never paid their bills, leading to a big hole in Satyam’s balance sheet. The hole was plugged by inflating the debtors (dues from clients) in the balance
The Pharmaceutical Industry The pharmaceutical industry is no longer in the business of helping people, the only thing drug company’s now care about is how much profit they can make for their executives and their shareholders. They do this by exploiting their medication and extorting money from patients who need their lifesaving medication. Because of the rising cost of medication, insurance companies are having to raise their premiums, causing more and more families to go without medical insurance. Pharmaceutical companies according to Petersen are acquiring decades old crucial medicines and suddenly raising their prices astronomically (1). I am amazed that the drug companies can get away with marking their medications up anywhere from two
Risk avoidance, restricted managerial talents and capital constraints are usually characteristics of a founding-family business (Fama & Jensen, 1983). Former empirical studies show that family firms borrow less to reduce their risk, even though they might benefit from lower cost of debt. Contrary to these findings, Tanzi showed an appetite for debt by raise a large amount of money through the international bond market and expressed excessive risk taking (Buchanan & Yang, 2005). In 1990, the company was sold to the public, but even at that time Tanzi perceived Parmalat as if it would belong to the family instead to the shareholders. In fact, this might be a reasonable explanation why Tanzi kept borrowing instead of issuing equity even though interest payments and debt fees were constantly increasing to billions of euros.
Moreover, it has the only strength left which is about its established brand image and few public recommendations left. Once this is reduced then there would not be chances for organisation to survive in market. This also shows that competitiveness of the Christler IT Company is a questionable thing and it is not possible to stay competitive with on-going processes and
Every single person in this world wants to live a pretty good life, a lot of people wants to be successful in their own way. But then again, everyone also know that it wouldn’t be easy. Most people believe that being rich mean that you’re already successful, but being successful actually has different meanings depending on the person. To a person who grew up in poverty, being successful would that you wouldn’t have to worry about money anymore, you’ll have money to get food to eat, own a beautiful house, and ave a fancy car. To a child, being successful would mean that you will have every toy you can get.
If the BA wants their customers to travel and have a good time with them then BA should not provide the ingredients of the pasta as it is unessential for the customer to know what is in pasta as well as it is too much detail to write about every single thing. The influence of providing too much detail is that if the information is too much detail then it will be useless and not every customer will read and go through the end as it is waste of time as well as too much detail can bore customer therefore they only need to provide the right amount of detail if