On October 21, 2001, one of the largest energy companies in the knowledge domain filed for Chapter 11 bankruptcy after restating their internet report for the ult two calendar years. Enron, the energy conglomerate had to restate its earnings because of severely inaccurate book keeping of nine one thousand million dollars. Clearly, the U.S economy had heroic success during the mid to late 90s. more than specifically, the economy had grown because of the influx of the modern technology, extremely gloomy unemployment, and consumers spreading their wealth into long-term investments via the stock market. Many of those investors enjoyed speedy returns on investments; meanwhile Enron had been deceitfully taken their investors money and line drive their personal bank accounts and increasing personal wealth to rattling(a) heights. During this research, it was very clear that the corporate CEOs and CFOs had in fact report fictitious earning reports. Let us delve into the meaning of ethical motive and look at what expert in concern ethics, Linda Trevino has to verbalize about corporate ethics.
In her book, Managing Business moral philosophy, Linda K. Trevino discusses the lie with of ethics and her definition states, It is the role of every CEO to look sound ethical practices are enforced from the top down. Ethics are behaviors and guidelines for employees actions. It is a moral guide for conducting and engaging in day-to-day business.
In a sense, it is doing what is right. The leaders must prove to all employees what ethics is all about in the business environment (p.189). This statement has lasting implications and is the foundation upon which many businesses operate. However, in the aftermath of the recent economic boom, many analysts have hazard unethical practices at some of the worlds largest companies.
According to Barbara Ehrenreich, cause of, Nickel and Dime, Our Corporate CEOs have gone from rocking to...
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