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1 pages/≈275 words
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APA
Subject:
Business & Marketing
Type:
Essay
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English (U.S.)
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Topic:
Money and Ethics
Essay Instructions:
Answer question in paragraph
1.Barbara Toffler argues that business ethics are worse than ever. Do the unethical acts of Enron, Global Crossing, Tyco and WorldCom seem worse than the ‘junk bond' activities of Ivan Boesky and Michael Milken?
2.Do you agree with the statement: “Money is the hugest intoxicant there is”? Why or why not?
3.Do you think the 25-year sentence against Bernie Ebbers from WorldCom and the 24-year sentence for Jeff Skilling from Enron will be sufficiently harsh to impact ethical business behavior? Why or why not?
Essay Sample Content Preview:
Money and ethics
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The business world is rocked by corporate scandals involving unethical behavior. Big companies like WorldCom and Enron are reeling from a bad image as a result of money scandals involving one of their officials. Could we say that “money is the hugest intoxicant there is”?
Bernie Ebbers and Jeff Skilling were both CEOs from WorldCom and Enron respectively. Bernie is the founder of WorldCom faced trial and was found guilty of security scams, conspiracy and filing false papers with supervisors. He did all this to meet the Wall Street Journal target. Jeff from Enron was also convicted of security fraud and submitting false statements to auditor in 2006. These frauds are worse or better than the Ivan Boesky and Michael Milken “junk bond”. In all the cases, there was a break of the code of professional ethics. All the cases are largely involved with a larg...
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