Eastern Airlines Facing Bankruptcy In 1986‚ Eastern Airlines was in desperate trouble. The fourth quarter of 1985 had shown a $67.4 million loss‚ and financially experts had told Frank Borman‚ president and chief executive officer‚ that the airline had three choices: 1) a 20 percent pay cut for all union and noncontract employees. 2) Filing for Chapter 11 (bankruptcy) or 3) Selling the airline. On February 23‚ 1986‚ Eastern’s board of directors met to decide the
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The Body Shop: Ethical Issues in Business It is nearly impossible to pick up any newspaper and avoid reading a section that deals with the unethical or even illegal conduct of the people who run our companies. Whether it’s stock manipulation‚ dubious accounting practices‚ or discarding of environmental waste‚ the stories keep on emerging. Ethical standards mostly relate to performance or behavior that is not covered by law‚ and the rule of law covers behaviors that may not necessarily be covered
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WorldCom was one of the leading telecommunication companies prior to its application for bankruptcy protection on July 21st‚ 2002. The firm’s decision to file for bankruptcy was a shocker move considering the amount of revenues and asset base the company had. It is believed that the firm was highly involved in fraudulent bookkeeping between the year 1999 and 2000 where they had managed to overstate its taxable income by at least $7 billion. It was also revealed that the company had committed itself
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Unit 3 Individual Project-Rights and Obligations Travis Pernell American InterContinental University International Legal and Ethical Issues in Business Instructor Kerri Holloway April 3‚ 2011 Abstract This paper will discuss the four elements that make up a valid contract and the objective theory surrounding contracts. This paper will discuss how the objective theory applies to the Leonard v. Pepsico‚ Inc. case. The paper will also discuss how the court reached its decision to claim that
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Daubert v. Merrell Dow Pharmaceuticals Brandon Pond New England Institute of Technology Case Studies in Criminal Forensics CJ 372.57 Professor Michael Pezzullo October 24‚ 2012 Daubert v. Merrell Dow Pharmaceuticals The 1993 Supreme Court case of Daubert v. Merrell Dow Pharmaceuticals‚ like many high-profile court cases‚ set a precedent for future court causes of a similar background. Merrell Dow Pharmaceuticals was a pharmaceutical company based out of Kansas City‚ Missouri which was founded
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Ethical and Socially Responsive Business Felix Che Strayer University Course Title: BUSS100 Professor: Karen Hogler Due date: 03/016/2015 Ethical and Socially Responsive Business. A code of ethical conduct contains written morals to prevent misconduct within the workplace. Cheesecake Factory encourages employees to promote honest and ethical conduct both personally and professionally. It is important to stay compliant with both government laws and Cheesecake Factory’s guidelines. Cheesecake Factory
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Do Resuscitate Status: A Legal and Ethical Challenge for Nursing Shawn Wolkart Senior Integrative Seminar Spring A semester‚ 2010 University of Saint Mary Abstract A status of do resuscitate in those critically ill patients may result in a slow code. A slow code is a situation where the nursing staff decides to do less than the standard set forth by advanced life support algorithms and the nurse practice act and allow the patient to die instead of possibly sustaining life. The legal implications
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1. What are business ethics? Give two examples of business practices that stakeholders would regard as ethical and two that might be considered unethical. Business ethics are the behaviours that any given business holds on to in its operations with either common or corporate world. In essence‚ the ethics may be dissimilar regarding the nature of the business activity one is engaged in. however‚ business ethics not only apply to how a business is engaged with the greater community
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This case study is extracted mainly from two major novels titled “What went wrong at Enron” by Fusaro P.C. and Miller R.M. and “The unshredded truth from an Enron insider” by Brian Cruver. The Vision Called Enron The history of Enron goes back to the 1920’s‚ when a pair of Houston pipeline companies was incorporated to carry gas along the coast of the Gulf of Mexico. In 1956 these companies merged under the name of Houston natural Gas (HNG). While these companies were working along the coast
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TERMINATOR TECHNOLOGY AS AN ETHICAL ISSUE IN BUSINESS Introduction The word ethics is can be understood as a set of rules of behavior. Ethics forms the fundamental basic concepts of human conduct of what is wrong or bad. It encompasses universal values such as equality for all humanity‚ natural rights‚ maintaining the rule of the land‚ alarm for health and safety measures‚ and safety for the natural environment. Therefore‚ the standards govern the relationship between people for a mutual benefit
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