Parmalat Finanziara‚ the Italian dairy and food giant‚ is fast joining Enron and WorldCom as a household name for corporate scandal. The alleged financial fraud at Parmalat spans more than a decade and involves sums whose estimates have ballooned from EUR 4 billion to more than EUR 8 billion. Founder‚ chairman‚ and chief executive Calisto Tanzi has been ousted from the company and board and is under arrest. Enrico Bondi‚ who replaced Tanzi in December‚ has been given new authority to act as sole
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categories of ethics in terms of the thought behind the decision are deontology and utilitarianism. Utilitarianism relies on the basis that we judge morality based on the consequences or results of these choices (Bowen‚ 2009‚ p. 4). Moral and ethical choices have good consequences and create happiness‚ whereas unethical or bad choices cause pain or suffering and cannot be justified or normalized. People who follow the utilitarianism approach want the greatest good for the greatest number of people. These methods
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pertains to the safety of his family as well as the well being of the entire country. While the movie is plenty interesting in its own right‚ the dilemma the man faces becomes much more interesting‚ and debatable‚ when you look at it in terms of utilitarianism and its different branches. In short‚ the film delves into the life of a former corporate scientist for one of the biggest tobacco companies in the United States. Obviously‚ as a corporate scientist‚ the man knows the ins and outs of the tobacco
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the autonomous moral theories of the late modern period. The rejection of belief in God led ultimately to new views of human nature The Postmodern World‚ at the start of 20th century‚ moral philosophy was in crisis. Utilitarianism and Kantianism were on uncertain ground. Utilitarianism claims that we have reason to act for the greatest happiness for the greatest number‚ and we are driven toward our own individual happiness. Kantianism
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Case Study: Slavery in the Chocolate Industry This case is about the slavery of young men in the Chocolate industry. Chocolate is made from the highly prized top quality cocoa beans that are grown on farms in West Africa‚ especially the Ivory Coast and Ghana‚ which make up close to half of the world’s chocolate. Slavery in the chocolate industry raises many issues including systematic‚ corporate and individual ethical issue. Here I’m going to discuss the issue I observed in this case
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a new generation of employees. The new director was keen to explore more customers. They audit and certificate more accounts and made larger profits for their company. Andersen guaranteed the accounts for dishonest company from John DeLorean to Enron and WorldCom. The code of ethics which Andersen against are: 1. Standard I (A) Knowledge of the Law. Members and Candidates must understand and comply with all applicable laws‚ rules‚ and regulations (including the CFA Institute Code of Ethics
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Utilitarian Utilitarian must rely on each individual and feeling‚ each of which individuals are considered to have the same weight‚ and happiness and pain can conversion‚ pain is only negative happiness". Contrary to the general doctrine of ethics‚ Utilitarianism does not consider the motives and means of a person’s actions‚ considering only the consequences of an act’s effect on the maximum happiness. It is good that is the greatest increase in happiness; vice versa. Even if these children do not go to
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Settled a shareholder class-action suit for $457 million. SEC fined ArthurAndersen $7 million. Fun fact: After the scandal‚ new CEO A. Maurice Meyers set up an anonymous company hotline where employees could report dishonest or improper behavior. Enron Scandal (2001) Company: Houston-based commodities‚ energy and service corporation What happened: Shareholders lost $74 billion‚ thousands of employees and investors lost their retirement accounts‚ and many employees lost their jobs. Main players: CEO
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DE VERA‚ K. RIGOR‚ J. & TAYAG‚ J. Brand is a name‚ sign‚ symbol‚ or design‚ or combination of these that identifies the maker or seller of a product or service . Although certain brands offers various product line and brand extensions‚ it does not mean that a brand is strong already. Note that years of existence do not also define a strong brand‚ rather to consider a brand a strong one the brand should have high brand equity; a clear brand positioning; and it must be competitive
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Explain Benthams Utiliarianism (30 marks) The theory of utilitarianism was put forward entierly by Jeremy Bentham‚ who wrote about Ethics and Politics. He was a social reformer keen to improve the lives of the working class. Many of the improvements made in the treatments of criminals in the 18th and 19th centuries were the results of Benthems ethics. Bentham believed that which is good is that which equals the greatest sum of pleasure and the least sum of pain. (Hedonism)
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