The first legal documentation of white-collar crime was documented in the 15th century in England. In the year 1473‚ a law passed after an agent was arrested for embezzlement when he was responsible to transport wool and he ended up stealing wool for himself. After this law passed white-collar crimes were still uncommon because not much attention was brought until after the industrial revolution. The only reason attention was brought during/after the Industrial revolution was because of monopolistic
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Proposed Soda Tax: The Poor and Middle Class Pay the Price Why must the poor and middle class suffer whenever money is needed to fund some programs or fix the deficit? People are stripped to the bone already‚ what with the Enron scandal and Bernie Madoff making off with millions of citizens savings. Now the poor and middle class people of this great nation are being called upon once again‚ to give more of the nothing that they already don’t have for a Soda Tax. A tax that health officials and their
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What Does Corporate Social Responsibility Mean? Corporate initiative to assess and take responsibility for the company ’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the
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Ethics MGT/498 September 26‚ 2013 Ethics In business there will always be the line to act with integrity or to lie‚ cheat‚ and steal. Famous author Douglas Adams once said‚ “To give real service you must add something which cannot be bought or measured with money‚ and that is sincerity and integrity” (Heathfield‚ n.d). The priority of any business is to serve the needs and wants of the customer and more important his or her stakeholders. Any business decision made in major corporations must
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The Dodd-Frank Act By William Pope 11/26/12 Dr.Boulet History of Economic Thought Since the financial crisis of 2008 many things have changed in the ways of how our government works‚ the way people run a business‚ and even the way people live their lives. Although some people may blame these events on former President George W. Bush or current President Barack Obama‚ much of the changes that have occurred have been from a single act‚ the Dodd-Frank Act. The Dodd-Frank Act‚ which was
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activities as they were for not getting caught-and not getting caught was a huge part of the outlaw mystic. Running from the law and spitting in the face of justice‚ outlaws were as well known for their adherence to following local law enforcement as Bernie Madoff is known for dispensing sound financial advice. That said‚ perhaps no outlaw of his
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possibility which could occur at a management or subordinate level. Too many top-level management and executives have acted inappropriately and have violated company policies. This was witnessed through events such as the Enron‚ WorldCom‚ and Bernie Madoff scandals where unethical behavior was called into
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White-Collar Crime‚ or financial crime‚ is a widespread problem in America that usually does not get the type of attention it deserves. It is perceived as boring and people do not usually care to learn about it. Everyone knows about Blue-Collar crime (Street Crime) and murder‚ rape‚ and theft are usually met with feelings of anger and disgust. But unfortunately‚ White-Collar crime does not stir up the same feelings one would expect to receive from a murder. Fraudulent loans and embezzlement are just
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Devoid of Empathy The Sociopath‚ sometimes called a Psychopath or as one having an anti-social personality disease is a callous‚ remorseless‚ self-situated person. But these with this sickness are not insane-they are utterly aware of what they are doing and what the penalties of their moves can be. They make their decisions rationally‚ not out of delusion. Sociopaths lack what’s referred to as the affective a part of empathy that means that they are mindful of how the other individual is feeling
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Group 1 Case Assignment Case Incident Long Hours‚ Hundreds of E-Mails‚ and No Sleep: Does This Sound like a Satisfying Job? Although the 40-hour workweek is now the exception rather than the norm‚ some individuals are taking things to the extreme. • John Bishop‚ 31‚ is an investment banker who works for Citigroup’s global energy team in New York. A recent workday for Bishop consisted of heading to the office for a conference call at 6:00 P.M. He left the office at 1:30 A.M. and
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