He should not have gone out of his way to make his advisors steal with the risk of getting caught. If he was that desperate for a better campaign, then he probably would not have won in the first place without breaking in. I do agree with the advisors or aides getting punished for their actions. I do not however, agree with Nixon getting pardoned from the punishments. Gerald Ford shouldn’t of let him get away with it.
Tolstedt’s knowledge unless there was a drastic lack of leadership, which in either case should prevent her from taking her riches and running. The author believes the new rules which were created after the banking crisis would allow Wells Fargo to take back the stock options and possible some of her wages, due to her inadequate supervision and subsequent fraudulent activities of her employees. Would it be ethically responsible for Wells Fargo to pull back the monies, due to the fraudulent activities, from the author’s point of view it definitely would be ethical and
Harry Markham’s Loyalty Dilemma Markham was hired as an investment advisor to give advice on the state pension fund. He has concerned about the pension funds running out of money due to the liability risk associated with the higher values that were not being reported (Walsh,2016). The problem is that how can Markham give good advice on investments decisions to his clients when they don’t want to hear a negative report. He has live up to his moral obligation which is to be honest and trustworthy to his clients and all other parties when it involves investment decisions (Northouse, 2016, p.346). 1.)
To gain faith back from the public, Congress had placed many restrictions on the government, based on the public’s opinion. The Watergate, Nixon Scandal affected America greatly. It led to the first time President of the United States of America had ever resigned. After Ford 's pardoning, it caused the nation to be conflicted. People lost confidence in their own government because of the thought that future Presidents may take advantage of their own power, just like Richard Nixon did.
I understand that although the companies could prove in court that they suffered substantial losses in sales and revenues from the news program, what is going to determinate the conclusion in this case is whether the employees’ disparaging statements to the TV news show are protected as concerted activity under the National Labor Relations Act or not. Moreover, the employees proved that they tried to resolve the issue with the company and that the company instead, promoted to "do whatever it takes" including lying to customer, in order to meet with their expectations. This evidence it would have been very damaging to the company
However, as corporations start to expand their business and operate multinationally, they must rethink that parameters of their moral responsibility. As Wettstein stated, “corporations may become complicit in human rights violations although they are not doing anything wrong in a conventional sense or engaging in any unlawful conduct” (Wettstein, 37). Corporate complicity generally implies that the corporation(s) at hand are actively aiding and abetting in the violation of human rights, whereas silent complicity implies the fact that corporations are aware that human right are being violated, however, they choose not to protect or assist the victims (Wettstein, 40). In Wettstein’s perspective, when aware of a human rights violation occurring, corporations should be obligated to step in and influence the government on certain human rights policies, only if a corporation is influential enough and has the resources. Thus, Wettstein combines both stated active and passive duties above and deems that a corporation is being silently complicit towards human rights violations when it fails to speak out and protect the victims, and if that failure to speak out implies a legitimization and implicit endorsement of the
1. What factors in the WorldCom case support the conclusion that CEO Bernie Ebbers Knew about the financial statement fraud? What factors support his defense that he did not know about the fraud? Bernie Ebbers Knew about the financial statement fraud because he was the one who encourage others to go into financial fraud because of the stock prices were going down, which was affecting his marginal loan. For that reason, he was trying to sell his stock, but the board of Directors lent him $341 million, along with 2% interest rate.
This allows union workers to be protected against greedy corporations. After all, a corporation’s main job is to increase profit and make stockholders happy. Therefore, corporations will do anything to increase revenue, even if it means punishing the corporation’s own workers. Workers of a corporation are often viewed as liabilities, not assets. The Better Business Climate model undermines unions and makes this worse for workers.
The financial scandals in early 2000s caused the Sarbanes-Oxley Act of 2002 to be created. Enron, WorldCom and the accounting firm, Arthur Andersen, to intentionally mislead their shareholders by exaggerating their profits and understating their expenses. The scandals had raised the importance of internal control for enhancing corporate governance. Therefore, the government established the SOX to protect the interest of the investors and employees and to monitor the companies and auditors.
Case Study 1: Banc One Corporation Asset and Liability Management Gizem Akkan So basically, the main problem Banc One Corporation has falling share prices as it is written from a 48 ¾ to 36 ¾ in April 1993. The basic reason behind this decline is that its exposure to derivative securities. This decline in share prices raises concerns among the Banc One’s Investors as well as its analysts since they are uncomfortable with huge amount of derivative usage particularly swaps. They think they are not able to measure risks they exposed so this create uncertainity about the firm’s financial stability. However, some belive as Dick Lodge, firm’s chief investment officer, said especially swaps were attractive investments which were lowering bank’s