Corporate Misconduct
Corporate Misconduct
T Ware Sr.
ITT Tech Online
BU222 – Business Law and Regulation
Dr. Carrie A. O'Hare
November 30, 2011
Corporate Misconduct
What is and what is not ethical can be defined different ways by different people. What may be unethical to one person may not be so unethical to someone else. These values can depend of how someone was raised, the type of environment that they were accustomed to, and even how they carry themselves day to day. Ethics is simply defined as a set of moral principles or values that governs the conduct of an individual or a group (Cheeseman, 2010, p. 666). When taking something that does not belong to you and use it as if it were yours, to me is simply unethical.
In the case, Northeast Iowa Ethanol, LLC v. Drizin I would have to say the Drizin acted unethically. Northeast Iowa Ethanol, LLC trusted in Drizin to assist them in additional funding for their project (Cheeseman, 2010, p. 584). Instead, Drizin acted carelessly and from the sound of it did what he wanted to do with their money. I know that Northeast Iowa Ethanol, LLC trusted Drizin but I feel that Drizin should have keep them in the equation of what he was doing that way they could have had some kind of say of what he was doing with their money.
In this scenario, I think that the area of provisions that would apply to would be the White Collar Crime Penalty Enhancements (Cheeseman, 2010, p. 903). Perhaps Northeast Iowa Ethanol, LLC were not keeping a check on the financial statements, if there were any, than maybe they could have found other options before it got to the point where it did.
Even if Northeast Iowa Ethanol, LLC did not keep up with what Drizin was doing and maybe did not look into what and where he was investing their money, it still did not give Drizin the right to do whatever he felt like with funds that did not belong to him. Integrity is a big part of business and from what I have read Drizin lacks all of it.
Reference
Cheeseman, H. R.
T Ware Sr.
ITT Tech Online
BU222 – Business Law and Regulation
Dr. Carrie A. O'Hare
November 30, 2011
Corporate Misconduct
What is and what is not ethical can be defined different ways by different people. What may be unethical to one person may not be so unethical to someone else. These values can depend of how someone was raised, the type of environment that they were accustomed to, and even how they carry themselves day to day. Ethics is simply defined as a set of moral principles or values that governs the conduct of an individual or a group (Cheeseman, 2010, p. 666). When taking something that does not belong to you and use it as if it were yours, to me is simply unethical.
In the case, Northeast Iowa Ethanol, LLC v. Drizin I would have to say the Drizin acted unethically. Northeast Iowa Ethanol, LLC trusted in Drizin to assist them in additional funding for their project (Cheeseman, 2010, p. 584). Instead, Drizin acted carelessly and from the sound of it did what he wanted to do with their money. I know that Northeast Iowa Ethanol, LLC trusted Drizin but I feel that Drizin should have keep them in the equation of what he was doing that way they could have had some kind of say of what he was doing with their money.
In this scenario, I think that the area of provisions that would apply to would be the White Collar Crime Penalty Enhancements (Cheeseman, 2010, p. 903). Perhaps Northeast Iowa Ethanol, LLC were not keeping a check on the financial statements, if there were any, than maybe they could have found other options before it got to the point where it did.
Even if Northeast Iowa Ethanol, LLC did not keep up with what Drizin was doing and maybe did not look into what and where he was investing their money, it still did not give Drizin the right to do whatever he felt like with funds that did not belong to him. Integrity is a big part of business and from what I have read Drizin lacks all of it.
Reference
Cheeseman, H. R.