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Essay about Business Ethics Issues in the Movie Boiler Room

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Business ethics issues in the movie “Boiler room”

Business comprises principles and standards that guide behavior in the world of business.
Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Judgments of these groups influence society’s acceptance or rejection of a business and it’s activities.

Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal
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Issues related to fairness and honesty often arises in business, because many participants believe that business is a game or o warship and has his own rules.
The movie “Boiler room” was a good example of the company, which doesn’t believe in such thing as business ethics.
In the beginning of the movie we see our main character “running” a home casino, which is not legal, but it is not such a big ethics issue. I think gambling is just passing time just like other hobbies. Nobody was promoting it or forcing people to come and gamble. Costumers chose to come themselves and had a good time, nobody was complaining. There was the only problem, the establishment was illegal, so the “owner”put himself to risk, and if he will get caught he will go to jail. In my opinion, this part of the movie did not have business ethics issue.
I think all the problems began then our guy started the new carrier as a broker in unknown brokerage firm. The institution there he started his carrier as a stock investment broker had no such thing as business ethics.
The place did not look right from the beginning. First of all bosses where rude to employees. While interviewing candidates manager was very ignorant to his staff members. I don’t think that employers should treat their employees this way, on the other hand all guys accepted it, which shows, that they don’t have
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