Most of the leaders are running ethical companies, but there are some of businesses running

1800 Words8 Pages
Most of the leaders are running ethical companies, but there are some of businesses running unethical companies that caused company to break down for some reasons. One of the problems of this is that some of the leaders lied, and they act in a manner that is entirely unlawful or wrongful. Much more often, employees break ethics rules because top executives tend to act in an unethical behavior. Moral compass is anything which serves to guide a person's decisions based on morals or virtues which means it is a natural feeling that makes people know what is right and wrong and how they should behave. While personal ethics are how people make moral and ethical decisions. When we look into successful leaders that used unethical behavior to do…show more content…
Kozlowski became scandalous for his lavish lifestyle, and he was summoned for tax fraud with respect to purchases of fine art. Mr. Kozlowski was convicted of fraud and grand larceny for misappropriating more than $400 million of Tyco’s money for his personal use, including buying a $6,000 shower curtain and throwing a lavish birthday party for his wife on the island of Sardinia (Dealbook, 2008). Kozlowski was involved in with Chief Financial Officer (CFO) Mark Swartz. Kozlowski, Swartz, and Belnick stole $600 million dollars from Tyco International through their unapproved bonuses, loans, and extravagant "company" spending (Obringer, 2005). Three of them worked together to misuse company funds, shareholders’ interests in the company. The actions or behavior of the leaders in Tyco International Company is said to be unethical in terms of utilitarianism. Utilitarianism means providing the greatest benefits or happiness for the greatest number. Tyco International had embezzled funds worth more than 600 million U.S dollars. This act is a conflict of interest as Kozlowski and his partner satisfy their selfish interests instead of considering the needs of the organization.. In order to fulfill self interest and luxurious life, the leaders embezzled the company funds that should be used to manage the company in the best interest of shareholders and stakeholders. Here, Kozlowski only care about the self-interest instead of considering

More about Most of the leaders are running ethical companies, but there are some of businesses running

Open Document