Concept explainers
To determine:
A case related to violating
- The source or underlying cause of the unethical behaviour
- The hoped-for outcome
- It was an individual or group involved
- The accused was repentant or defensive
- The ways to prevent such unethical behaviour in you organization you choose as a manager
- The ways to fix this kind of problem after it occurred in you organization you choose as a manager
Introduction:
Here, we need to discuss a case related to violating business ethics or potentially breaking the law regarding business practises. The case that will be discussed here is − Enron Corporation. The company has a count of cases like money laundering, bank fraud, insider trading and conspiracy etc.
The Securities and Exchange Commission (SEC) investigated the accounting practises of Enron. The investigation was done because of the concerns of the analysts and shareholders that continued for several years. The disclosures of the company and write-downs reduced company's credit ratings and less investor interests leading to bankruptcy of the company.
The people behind this was CEO − Kenneth Lay and CFO − Jaffrey Skilling. Later on, they were sentenced imprisonment.
Want to see the full answer?
Check out a sample textbook solutionChapter 5 Solutions
Management, Loose-Leaf Version
- Read the article below and answer ALL questions in this section Unilever admits Tresemmé hair advert was racist, staff to be subjected to ’unconscious bias training Unilever South Africa has admitted that the controversial Tresemmé advert which described black women’s hair as frizzy, dull, dry and damaged, was racist. The company will be subjecting all staff to ’unconscious bias training, will be reviewing all marketing material and establishing a new diversity and inclusion advisory board. Last Friday, Unilever apologised for the Tresemmé advert and has been in a media blackout since. At the time, the company apologised for the ad which it said had been intended to celebrate all hair types. Unilever said it would investigate why the offensive advert was not picked up and promised to take steps to ensure this did not happen again. The Tresemmé advert, which was published on the Clicks website, led to EFF protests at Clicks stores this week. The threeday-long protests ended on…arrow_forwardIn 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. “Not only did investigators impersonate board members, employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for CNet Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place.” The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…arrow_forwardIn 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. "Not only did investigators impersonate board members employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for Net Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place. The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…arrow_forward
- In 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. "Not only did investigators impersonate board members, employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for CNet Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place." The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…arrow_forwardWrite a comprehensive summary about ethical delimma with 3 examples. explain it briefly with minimum 600,700 words. explain with clear examples. Subject :: Professional ethics and legal issuesarrow_forwardHow could a company utilize social media such as Facebook, Twitter, or Linked-in to promote ethical behaviour and communicate the organization’s values? What are the advantages of using social media to promote ethical behaviour and values and what are the dangers of communicating in this way? Post at least three peer responses in which you comment on fellow students’ initial posts and their responses to other students. Be sure to respond to comments made about your initial post.arrow_forward
- Do employers have a responsibility to alert other employers to an employee's wrongdoing by supplying an unfavorable reference? Why or why not? Discuss the conflict between community responsibility and self-protection.arrow_forwardJust three months ago, a major oil distributor faces a cyber-security threat that halted their production and distribution of gasoline, and reduced the supply of gas along the eastern coast. People were lined up to get gas in their cars, some even going to the extent of filling containers that were not meant to hold gasoline. Some of you may have participated in the frenzy. Others watched from a distance. In hindsight, the shortage was relatively short lived, and much of it exacerbated by our own actions. (Look up the phrase self-fulfilling prophecy, and you’ll understand what I mean!) A friend of yours, one who lives in a mixed use development near where he works and drives an electric car, thought the behavior of those lining up at the pumps was irrational. After all, people were burning gas waiting in long lines to get gas. What additional information would we need to better evaluate this situation?arrow_forwardOne of the ways public health will be transformed is through how we are Using Data. While public health practitioners are skilled at the collection and interpretation of population-level information, unfortunately it is still possible for our workforce to suffer from problems with how we are collecting and interpreting data. Name and briefly describe one of the most serious flaws in data collection that can happen , making sure to detail how this flaw can influence the decisions we are making about public health policies and/or interventions .arrow_forward
- Who is ethically responsible for the rise and continuance of cyberbullying? 4. Should social networking sites be censored in an effort to stop cyberbullying? Explain. 5. Is it legal and ethical to censor social networking sites to stop cyberbullying? Explain.arrow_forwardread the attached document named “what is sexual harassment”. Make sure that you understand the definition and content in detail about sexual harassment. Then asnwer the question in the below. please answer in your own words in 50_ 80 words. thank you anonymousarrow_forwardRespond to this in 100 words Part 1: The sheriff’s office is constantly conducting ethical training in one facet or another. The hiring process for law enforcement does not provide ethical training but it tests for different ethical standards. Many agencies require a polygraph test and in-depth background investigation to ensure that new hires meet the ethical standards of the agency. “In short, in our view police ought to act principally to protect certain moral rights, those moral rights ought to be enshrined in the law, and the law ought to reflect the will of the community” After a cadet graduates from the academy, they enter the field training program. During the field training program, the trainees are required to review P.O.S.T.-mandated ethical training and sign off that they completed it. I believe that the new deputies’ ethical standards are already set and reviewing the post-required ethical training doesn’t teach them to be better people. ethical training by itself does…arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub