Business Ethics Final Project Extraordinary Circumstances Stephanie Burg 2/16/2009 Table of Contents Mission Statement 3 Ethical Principles/Tenets 4 Day to Day Operations 5 Cynthia Cooper and the Culture 6 Conclusion 8 Works Cited 10 1)Provide a Mission Statement and brief background about WorldCom. Briefly explain how WorldCom did not honor their statement. WorldCom - "our objective is to be the most profitable ‚ single source provider of communications services to customers around
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“The answer to the question of whether American CEOs are overpaid is clearly "yes"; for those who earn large bonuses and generous stock options when their companies are doing badly‚ either absolutely or relative to competitors. As mentioned in an article written by Gary Beckner and Richard Posner. This research paper will discuss in details the facts that have been research as to why CEOs are being overpaid. It will discuss the pros and cons of the CEOs salary and compensation and how employees should
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Dear Mr. Smith‚ After reviewing your company’s current situation and deriving on my own experience with family owned firms and their succession process‚ I came up with recommendations and information that might be useful for you in the successor choosing process. The successful integration of children into a management position in the family business is extremely important for the continuity of the business and is a complicated process that has the potential of challenging existing family dynamics
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citizen accused of crimes the right to counsel in criminal procedure and their defense. To understand this process‚ one must understand the developments for the right to counsel‚ self-representation‚ and the roles of an attorney and when the right to counsel is attached. Development of Right to Counsel In the 16th and 17th century‚ the law did not allow or provide for the use of attorneys in any court case‚ except for treason cases. It wasn’t until the 18th century in which
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Yahoo‚ which had a string of three CEOs in three years‚ was on the verge of taking that count to four. The latest to rock was Scott Thompson‚ a newly appointed CEO‚ over the false claims in his resume about the computer science degree‚ which he never received from the Stonehill College. The news did spread like fire in the Silicon Valley and why it shouldn’t since Yahoo is one of the respected companies in the area. The news was reported in different formats of media and there were mixed reactions
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CEO SUCCESSION: THE ULTIMATE MEASURE OF BOARD PERFORMANCE by Clarke Murphy‚ The Corporate Board - July/August 2010 Item number one on any description of corporate board duties is hiring and firing of a chief executive. However‚ success in CEO selection depends in large part on shaping a sound succession process from the board level. Shareholder advocates now see good CEO succession planning as a reflection of the quality of the board itself. Public debate regarding corporate governance issues
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For and against essay of having a pet Pets have accompanied mankind since the dawn of history. Allegedly‚ the domestication of animals begun along with the Neolithic Revolution (approximately between 10-12 thousand years ago). Some people either hate or love this accompaniment. For sure‚ there are various disadvantages and advantages of having a pet‚ which I will try to point out in my essay. In my opinion‚ one major advantage of having a pet is that they can replace people and become one of
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bringing down the company. Her boss‚ CFO Scott Sullivan‚ asked her to delay reporting her findings for one quarter. She and her team did not know for certain whether this additional time period might have given Sullivan time to "save the company" from bankruptcy. Assume that you were a member of Cooper’s team. Discuss the decision-making situation. Focus on how employees should react when ordered by their employer to do something they do not believe in or feel uncomfortable doing. Answer: Ideally
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times and Forbes who complain of fat paychecks awarded to CEOs who don’t deserve them. What is the basis of this orthodoxy? Actually it rests on three propositions First and foremost – CEO pay just keeps on going up The second one – the fact that it is not tied to performance of the company and the last but not least - that boards are not restraining their appetite. Altogether these propositions in turn rest on a bigger argument: that CEOs are using their political power to tamper with the system
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Australian Pay Their CE0s more 1.0 Introduction High level of CEO pay has urged a strong argument on the pay‐setting process and the outcomes it produces. Statistic shows a dramatic rise in CEOs salaries in Australia over the past 10 years‚ estimation of annual salary is AU$83‚287 –AU$323‚051 (Chief Executive Officer Salary‚ 2012) . The purpose of this report is to determine whether Australian businesses should pay their CEOs more by analyzing the advantages and disadvantages that it could bring
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