Ethical Issues in the workforce [pic] Stephanie Wilcox Bus 610 Kathleen Henry June 6‚ 2011 Ethical issues in the workforce In my own opinion ethical issues are a major concern because of the people trying to sell products. They have to build trust and integrity with their employees and consumers about their product. According to Knicki & Kretner‚ “ethics involves the study of moral issues and choices” (Knicki & Kretner‚ 2009‚ pg.23). Knicki
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Cited: Ackman‚ Dan. "The WorldCom We Hardly Knew." Forbes. Forbes Magazine‚ 26 July 2002. Web. 13 Dec. 2012. Aguilar‚ Rose. "Yahoo IPO Closes at $33 after $43 Peak." CNET News. CBS Interactive‚ 12 Apr. 1996. Web. 11 Dec. 2012. Blank‚ Steve. "New Rules for the New Internet Bubble
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Corporate Scandals: How Greed Consumed the American Dream Enron is not even at the top of the list. More and more corporate scandals are happening in America. Why have these scandals just shown up in recent years? What causes these corporations to lie and be deceitful towards investors? Though once seen as legitimate‚ fair‚ honest‚ and respectable‚ corporations have arrived at a stage of greed and deception. This can be explained by a number of factors such as the how the stock market works‚ the
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management. The creative use of financial statements even tricked analysts and brokers. Public trust began to erode with unethical corporation behavior. Analyst’s suspicions of some corporations cooking the books were confirmed with an announcement from WorldCom. The public’s distrust started to mount while accusing brokers of hyping stocks. People began to invest without brokers’ advice. With numerous risks rising for individual investors‚ Congress passed the Sarbanes-Oxley Act and the SEC responded by
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charges as well as those in the corporate world are not protected. The term "piercing the corporate veil" become a household phrase thanks to Bernard Ebbers‚ former WorldCom boss. In 2005 Bernard Ebbers was sentenced to 25 years in prison‚ one of the toughest sentences imposed on an executive‚ for overseeing the $11 billion WorldCom Fraud. Three years earlier the fraud came to light reducing the shares of stock worth more than $50 to a few pennies. This was not a minor fraud. Ebbers committed
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Sarbanes-Oxley Act In recent years‚ many companies have grown to conglomerate status and then cut down to nothing through misleading management practices‚ unethical leaders‚ and non-regulated accounting methods. Investors are happy when they are making money from these rising businesses and then devastated and sometimes completely ruined by their fall. The world of business has come a long way since the laissez-faire government attitudes of the 19th Century. Governmental rules and regulations
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Corporate Governance – The Role of the Audit Committee Deborah L. Lindberg‚ D.B.A. Associate Professor Department of Accounting Illinois State University April 2004 Direct all correspondence to: Deborah L. Lindberg‚ Illinois State University‚ College of Business‚ Department of Accounting‚ Campus Box 5520‚ Normal‚ IL‚ USA 61790-5520; Telephone: (309) 438-7166; Fax: (309) 438-8431; E-mail: lindberg@ilstu.edu. The Katie School of Insurance & Financial Services at Illinois State University‚
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Why does white collar and corporate crime tend to go undetected‚ Or if detected not prosecuted White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of "street" crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches. Corporate
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accountant at the SEC‚ “Starting in the 1990s‚ there was a spate of corporate fraud and fraudulent accounting statements at Sunbeam‚ Waste Management‚ Rite-Aid and some others even before you got to the gargantuan cases in the early 2000s involving Enron‚ WorldCom‚ Adelphia‚ Qwest and Global Crossing‚” (Sweeney‚ 2012‚ para. 13). These scandals mainly involved the reporting of inflated and/or inaccurate financial records‚ misusing or misdirecting funds‚ or hiding debt to make companies appear more profitable
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Juvenile Delinquency and Parenting Styles Abstract This paper reviews the effects that different parenting styles can have on juveniles and delinquency. The paper will include authoritarian‚ authoritative‚ neglectful and permissive parenting styles. Juvenile Delinquency and Parenting Styles There are four different techniques to parent a child; authoritarian‚ permissive‚ neglectful‚ and authoritative. Juvenile delinquency has been found to be closely related to the type of parenting and
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