------------------------------------------------- MGT 360 ------------------------------------------------- busINESS ethics AND SOCIal responsibilty UNETHICAL PRACTICES OF TWO COMPANIES OCEANIC BANK PFIZER PHARAMACEUTICAL OCEANIC BANK Oceanic Bank International Plc‚ Nigeria. The present CEO of Oceanic Bank International Plc is John Aboh. Oceanic bank is one of the most leading financial service institutions in
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Unethical Business Practices The modern business world is characterized for being aggressive and competitive. Companies must be alert and always ready to take advantage of opportunities as quickly as possible. If companies are not aggressive enough they risk losing business to other competitors. For all these reasons‚ many people now question whether there is a place for ethics in this highly competitive capitalist economy. However‚ is it good for companies to create aggressive
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Unethical Business Practices at Enron LDR/531 Organizational Leadership August 11‚ 2011 Unethical Business Practices at Enron Enron Corporation came into existance in 1985 as the result of a merger between InterNorth and Houston Natural Gas. This merger produced the longest natural-gas pipeline network in the United States. Under the leadership of Chief Executive Officer Jeffery Skilling‚ Enron changed from a gas-pipeline business into a natural-gas and electricity company during the
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Unfortunately‚ in recent times‚ we have seen a number of examples of unethical behavior in organizations‚ often tied to the organization’s handling of finances. In this question‚ discuss ethical issues facing the top leadership or financial managers in today’s corporate environment regarding their approach to the financial matters of the firm. What pressures exist that might encourage unethical behavior‚ particularly as it pertains to the firm’s financial reporting or situation? How might these be
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For week five the area that I felt most comfortable with is unethical accounting practices. One clear example that stood out in my mind in which I could relate was the Enron Scandal. I learned that situations may lead to unethical accounting practices vary from position to position. Individual freedoms and lack of controls are two situations that would lead to unethical accounting practices. Individual freedoms would include not being monitored and an individual performing all of the related activities
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Ethical Business Practices in Purchasing and Supply Management Ethical Business Practices in Purchasing and Supply Management “The best and most successful organisations recognise that they will only prosper in the long term if they satisfy the aspirations of their stakeholders; including customers‚ suppliers‚ employees‚ local communities‚ investors‚ governments‚ public interest and environment groups. ” “To satisfy this intense scrutiny and the demands for greater accountability in society
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Running head: Unethical Business Practices 1 Unethical Business Practices: A Case Study of the Downfall of Two Major Corporations Sharon Purpuro New Jersey City University Unethical Business Practices 2 Abstract The following pages will tell the story of how two very successful companies met their downfalls at the hands of some very greedy top executives and boards of trustees that chose to look the other way all because of one common denominator
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Individual Work Week 1 Nicole Chase Small Business Management Instructor Aileen Journey Everest University July 17th‚ 2013 According to big class action most consumers have the right to the best goods and services at the lowest prices. The competitive process works the best when the prices are set honestly and independently. Price fixing occurs when an agreement among competitors to raise or fix the prices of their goods and services. (Bigclassaction.com) I have had a personal experience
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Kay Lim Hung Professor Ortiz English Class 095-01 17 April 2013 The Right To Choose To Not Wear a Helmet Barry Millman wrote the article “ Motorcycle helmet law a no-brainer to both sides”‚ which expresses an argument from two different opinions about a controversial issue. The United States is known by the freedom‚ which is given to the entire citizens to express his or her own opinion. Therefor Americans will bring up their opinion toward any situation. Today the debate is among
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http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?_r=0 The pharmaceutical giant and British drug maker‚ GlaxoSmithKline‚ has agreed to plead guilty and pay the government three billion dollars in a health care fraud settlement bought by the FDA. This is the largest settlement involving a pharmaceutical company in recorded history. GSK have admitted to committing three fraud charges. They promoted the off-label use of two anti-depressant drugs – Paxil
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