Use Of Money For Private Benefits

This paper reviews and analyzes three main issues with the first one being leadership. Other sub-issues involve lack of vision, coercive leadership style, using taxpayer’s money for personal benefit and irresponsible top management. The organizational structure, mixed communication, and no clear indication to who to report to is the second. The third

During the time of the scandal, which broke in mid-2005, PBS&J had 4,000 employees in 75 offices in 24 states (Barnett, 2007). A number of high-profile projects were under construction with FDOT, OOCEA, and TxDOT. The funds from these projects were being brought into the firm at a rapid rate; however, PBS&J contained a flimsy internal controls system which facilitated the embezzlement that eventually took place. The major players of the scandal were located in the firm’s Miami office. They were Scott DeLoach, then chief financial officer (CFO); Maria Garcia, an accounting employee who was in charge of the office’s database and bank reconciliations; and Rosario Licata, a bookkeeper who maintained the firm’s benefits bank account (Eubanks, 2016).

The second ethical problem in this case relates to the Rigas family’s use of publicly-held corporate funds as a personal “piggy bank.” The Rigases used the company jet for personal reasons “without approval of the Board of Directors”, on one occasion flying to Africa for a safari (Markon & Frank, 2002). On another, one of John Rigas’ sons used a corporate jet to pick up an actress friend of his (Grant, Young, & Nuzum, 2004). The former CFO claimed that Adelphia’s funds were used by one of Rigas’ sons to buy a condominium, and to build a $13M golf course (Grant, Young, & Nuzum,

Numerous accusations on the mismanagements of volunteers and donated funds didn't end with 9/11, but escalated following Hurricane’s Katrina and Rita. When the overwhelming numbers of donations specifically received for the relief efforts of 9/11, the executives made the wrong choice by going against donator’s wishes of how to use those funds. Also, the ARC didn’t update their donation system and was once again bogged down by the overpowering donations that poured in for Hurricane’s Katrina and Rita. On top of all that the ARC failed to get a grip on the financial disasters at its local chapters - unscreened volunteers walked away with ATM cards loaded with donated funds and some manager’s padded their own bank accounts with fundraiser donations (Holguin). For an organization that is supposed to help the country in disaster relief, the ARC has added monetary complications as the icing on the cake.

A main component of any company are stakeholders. A stakeholder is a person, group, or organization that has an involvement or interest in a company. Stakeholders can affect a company’s actions as well as be affected by them. There are several key stakeholders in Comcast who play a large role in how the company is ran. These include managers and employees, government agencies and unions, and finally the shareholders.

The state agency: The state agency’s reputation could be at stake, although the company were doing unethical practices but they were having a good intention of helping those in need. The state agency could be facing bad publicity against the case. The state agency’s funding is at stake, as the scandal spreads there might be people who does not want to continue the donation. Also, state agency’s ability of distributing funds could be doubt during the process.

It is clear from the case study that Alistair knows the contract is unorthodox. The problem he faces is whether he should overlook the bribe or report it to the board. The board of directors expects Alistair to tell the truth and report the bribe because of: his position as Chief Legal Officer, the board has a very strong ethics policy and they are wary of unethical activities.

In the scenario given, “Bob” served in many positions within a nonprofit over a three year period of time and he stole $93,000 in a variety of ways. In a small nonprofit this might be a large percentage of their operating expenses. It could have an enormous impact on the nonprofit staying in operation as well as those who are served in the community. First we should address what the organization could have done to detect the theft earlier and areas the organization can prevent fraud. Next we will look at implementing safeguards and checks and balances to prevent future occurrences. And Finally, we will address a public relations campaign that will regain the trust of donors and the community.

Key stakeholders in this company include CEO Dr. Michael Riordan who is the founder that has the main focus of how the company is performing and running. The Director of Human Resources, Yvonne McMillan who coordinates

The analogy “one bad seed could rot the apple” is the perfect representation of what happened among the Angel Food Ministries. Wesley Wingo had his wife, Linda, to destroy documents and encourage other employees to accept money as a bonus. The Angel Food Ministries did not regulate themselves in an ethical manner as a tax-exempt organization. One con of this mechanism is that people may be easily influenced by one person. If one person in a higher position is acting in an unethical manner, others within the organization may be influenced to do the

c. The organization had inadequate segregation of duties. The treasurer did both the investing and the recording. These activities should have been segregated.

2001-2006: UWW local associates faced terrible scandals due to corrupt CEO’s and employees who used hundreds of thousands of dollars, which were donated to this charity organization, for their personal use and luxury. Resulting, in mistrust of administrators and workforce of this organization by the public

According to Bolman and Deal (2013), if organizations fail to meet human needs, then exploitation and deception occurs. An illustration of this is the BM borrowing against the building grant to cover expenses without Dr. Sings’ knowledge. Chris Argyris (1957, 1964)

There is a fine line between what is ethically right or wrong with an action committed by an organization. According to Audi, “sometimes ethics is compromised without dishonesty but by deficiencies in clarity or candor or both” (Audi, 2009). Being dishonest and not telling the entire truth are examples of ethical dilemmas.

“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”