Friday, October 11, 2013

Analyzing Ethical Behavior

Analyzing Ethical Behavior Enron CEO Kenneth L. Lay and Ex duck computer memory manager Bernie Madoff pay one function in common. They some(prenominal) pulled off two of the biggest scandals that sent shock waves through skirt Street. Not only did they rip off m all investors but, they undone lives by swindling away people womb-to-tomb savings. What was Mr. Lay and Mr. Madoff perspectives on social duty towards its stakeholders? What consequences and implications did they face as a aftermath of their actions? These are two questions that this student impart dissect in this paper. An analysis of ethical behavior is after having excellent trade sense. Moreover, this should lead to a unions fair intervention and good will of investors, colleagues, and customers. Mr. Lay and Mr. Madoff view of social responsibility could not have lived up to the fellowships intention. In fact, Enrons code of ethics understandably states th at, we are amenable for conducting the business affairs of the company in accordance with wholly applicable laws and a moral and serious manner (Buisness Ethics-Yahoo! Geocites-ssoters Home Page, n.d.). This student thinks that this is the exact reversion of the codes of ethics that the Mr. constabulary and his company did business by. Moreover, to elaborate on Mr.
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Madoff hedge origin social responsibility; it did not minify under the homogeneous rules as a normal company would but it did have to meet the standards of the Investment Company routine of 1940. This act was a safeguard to investors and maintained a verit able degree of integrity, besmirch fraud an! d misappropriation of investors assets (Krug, n.d.). uncomplete Madoff nor Lay adheres to any ethical standard towards investors, colleagues, or customers. In essence, if ethical standards do not meet, consequences and/or implications are normally the backlash for this unethical behavior. For Lay and Madoff, they ruined peoples lives, jobs vanished, pension plans wiped out, and most of all they lied...If you want to get a full essay, mold it on our website: OrderCustomPaper.com

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