Have you ever gone to a fast food restaurant and wondered what is really in your cheeseburger? If you knew what was in it‚ there is a good chance you would not want to eat it. The real tragedy is that the American beef industry knows this‚ so they make it difficult for the average person to learn what goes into the production of their beef. But the beef industry is not the only party that is guilty of this. The large corporations who produce our food are all doing the same thing. The morality
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How can science be applied to reduce air pollution? Air pollution is the addition of any harmful substances (dust particles‚ fumes or odour) to the atmosphere‚ which causes the damaging of the environment‚ humans‚ animals and plant. Air pollution can result from both human and natural actions. Natural events that pollute the air include wind erosion‚ volcanic eruptions‚ forest fires‚ and natural radioactivity. Pollution from natural occurrences are not very often. Human activities that result
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seemed eliminate confidence by the business world about the practice of good corporate governance in the United States. Enron was a company that was ranked as seventh out of the five hundred leading companies in the United States and is the largest U.S. energy company that went bankrupt leaving debts amounting to nearly U.S. $ 31.2 billion. In instance with the case of Enron known occurrence of moral threat behavior such as manipulation of financial statements with a record 600 million dollar profit
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The Smartest Guys in the Room It was a profound story happened between two giant companies‚ both of which once marked as one of the greatest companies for decades in the American History. Enron‚ started as Northern natural Gas Company in 1930‚ creatively making its way through the Great Depression by opening up the natural gas market with its lower cost and developing extensive pipeline network with the unlimited low-cost labor resource‚ fell apart due to its creative use of the SPEs and related
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The Perfect Storm of Leaders’ Unethical Behavior: A Conceptual Framework Diane J. Chandler Regent University School of Divinity‚ United States Unethical behavior of leaders has consequences for leaders themselves‚ followers‚ and their respective organizations. After defining relevant terms including ethics‚ morality‚ and ethical and unethical leadership‚ a conceptual framework for the unethical behavior of leaders is proposed‚ which includes the three “perfect storm” dimensions of leaders‚ followers
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The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the de facto dissolution of Arthur Andersen‚ which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time‚ Enron was attributed as the biggest audit failure.[1] Enron was formed in 1985 by Kenneth Lay after merging Houston Natural
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services to business. The acquisition of MCI communications that made WorldCom one of the largest providers of business and consumer telephone service. Soon WorldCom became the darling of Wall Street‚ with several recommendations from analysts to buy. This helped WorldCom in the way that they could make more acquisitions‚ by using stock. By acquiring MFS Communications WorldCom was adding data services and local services in their basket of long distance services. MCI a strong player in the long distance
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Introduction Enron was one of America’s leading companies prior to its spectacular collapse in 2001. It was frequently named as one of America’s top 10 most admired corporations and best places to work‚ and its board was acclaimed one of the US’ best five‚ according to Fortune magazine. As America’s seventh largest company‚ Enron experienced explosive growth through the 1990s. It had revenues of US$139 ($184) billion‚ US$62 ($82) billion in assets and employed more than 30‚000 people across 20
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very rotten in the state of Enron.” This quote by Michigan Senator Carl Levin is a twist of words from a famous playwright‚ Shakespeare’s Hamlet; “Something was very rotten in the state of Denmark.” From the play‚ this was recited because there was a lot of corruption in Denmark from the betrayal in royalty. In comparison to Levin’s quote‚ there was betrayal of Enron leaders to their employees‚ as well as the company itself. Between the years of 1979 and 2001‚ Enron was known for the largest market
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AND THE PROBLEMS OF BUSINESS ETHICS IN THE BANKING INDUSTRY IN NIGERIA. BY Adegboye Folasade Bosede Department of Banking & Finance Covenant University Ota‚ Ogun state. Tel: 07032678252 e-mail:sadeadegboye@yahoo.com THIS PAPER IS TO BE PRESENTED AT: THE 8TH ANNUAL CONFERENCE OF THE NIGERIAN SOCIOLOGICAL SOCIETY AT TEMPRANCE HOTEL OFF THE BELLS UNIVERSITY ROAD OTA‚ OGUN STATE. DATE: TUESDAY NOVEMBER 25- THURSDAY NOVEMBER 27‚ 2008 ABSTRACT Professionalism
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