enough‚ but in practice it is basically impossible. Peter Singer‚ in his recent NY Times article‚ “The Singer Solution to World Poverty‚” argues that the rich should donate whatever luxuries and whatever money they don’t’ need all to the less prosperous. Many would argue both for and against such a viewpoint‚ and such a “solution” would require evaluation of its pros and cons before application. Contrary to Singer’s position‚ many Americans‚ not just the wealthy‚ would argue that what you have earned
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WorldCom was born in 1983 with the name LDDS (Long-Distance Discount Service) in Clinton‚ Mississippi. In 1985 Early investor Bernard Ebbers becomes chief executive officers (CEO) of LDDS. The company became public in August 1983 with the acquisition of Advantage Companies Inc. In 1993 LDDS acquired long distance providers Resurgens Communications Group and Metromedia Communications in a three-way stock and cash transaction that created the fourth-largest long distance network in the United States
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Enron‚ board governance and moral failings Gerald Zandstra Gerald Zandstra is Director of Programs at the Acton Institute for the Study of Religion and Liberty‚ Michigan‚ USA. Keywords Directors‚ Ethics‚ Responsibility‚ Corporate governance Abstract The failure of the Enron Corporation has brought attention to the roles played by the chief executive officer and other executives of the modern corporation. Its failure has also produced discussion of further regulations that will‚ it is hoped‚
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09/09/2013 WHO ARE THEY? Trends‚ Issues & Ethics WHAT DO WE KNOW ABOUT THEIR ETHICAL POSITION? WHAT IS ETHICS? • Ethics may be defined as a set of moral principles that govern one’s course of action. • Ethics and law are a system of conflict resolution. • The law is the minimum behavior standard. MORALITY Everyone has some morality of his or her own ‐ what he or she thinks is right and wrong ‐ and it sometimes happens that people who others see as bad do not see
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Power and Morality Joyce Wainwright ABS 415: Leadership & Ethics in a Changing World Instructor: Thomas MacCarty November 10‚ 2014 British historian Lord Action said “power tends to corrupt; absolute power corrupts absolutely” (Henderson‚ D.‚ 2013). Simply put this statement states that all great men are corrupted. However‚ this is not a belief of this writer. There are many great men‚ who were indeed great men. Thus‚ leaders should try to increase their power‚ as doing so will likely make them
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Enron‚ a Houston-based commodities‚ energy and service corporation‚ was named “America’s Most Innovative Company” for six consecutive years by Fortune Magazine. Ironically‚ its shares price had peaked at $90.75 in August 2000 and dropped massively to $0.67 in January‚ resulting in shareholders losing approximately $11 billion. In the November of 2011‚ it was revealed that Enron’s earnings had been overstated by several hundred billion dollars because enormous debts had been kept off from the balance
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to right and wrong behavior‚ ethics are recognized rules of conduct in regards to a specific action or a particular group of people. In short‚ ethics come from an external social structure whereas morals come from within – a person’s own perceptions of right and wrong regardless of what society’s rules say. The three primary schools of ethics that can be used in discussing ethical problems and dilemmas are care-based ethics‚ rule-based ethics‚ and end-based ethics. In the case of ethical dilemma
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Answer the following questions based on the film Enron: The Smartest Guys in the Room (2005). 1. (a) Describe the ownership structure at Enron. (b) How did the ownership structure contribute to the Enron scandal? (15 points) When Enron became a publicly traded company‚ the employees and executives had more incentive to manipulate earnings and financials. With the shift in structure‚ there were more external stakeholders to satisfy‚ which caused the company to focus on short-term results‚
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Management ;; Vol. 5 (3) Mar. (2012) Aspects of International Business Ethics Mahoney James F. Managing Director‚ The Paragon Group. Managing Director‚ 2476 N Beechwood Ave‚ Rialto‚ California‚ USA theparagongroup@roadrunner.com Abstract This paper is an analytical examination of the ethical problems posed by the practice of international business in light of key ethical philosophies and considering the diversity existing in our world. Special attention is give to the SA 8000 Social Accountability
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Enron Corporation (former NYSE ticker symbol ENE) Enron Corporation (former NYSE ticker symbol ENE) Cierra Gause Abstract This paper will describe the legal environment of business‚ the sources of American law‚ and the basis of authority for government to regulate business‚ differentiate between civil law and criminal law and describe the various classifications of crimes as it relates to Enron and the scandal the caused their downfall by using technology and information resources to research
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