Wells Fargo Whistleblower Do you think that John Stumpf should be held criminally liable for the misconduct?
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Wells Fargo Whistleblower
Do you think that John Stumpf should be held criminally liable for the misconduct?
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- Read the article below and make a reaction based on the lessons learned. Recent corporate scandals have heightened firm sensitivity to potentialethical breaches among senior executives. Through developing and communicatingwhistleblower policies, firms often hope to surface potential ethical lapses toquickly exhibit those involved. However, Renault recently learned that notevery allegation is true, and that often it is better to presume innocenceuntil guilt has been proven. In August of 2010 anonymous letter was sent to anumber of senior managers alleging that three leaders of Renaults Electric VehicleProgram had negotiated a bribe. An internal investigation revealed that thethree men held accounts in Switzerland and Liechtenstein, and it was believedthat these accounts were used to funnel bribes to them. Thus, the executiveswere fired in January 2011 with CEO Carlos Ghosn suggesting that the companyhad evidence that these individuals were passing along the…Sally had a problem - an ethical problem. Should she hire Mary (whom she'd already given her word) or Julie (who was obviously the best person for the job)? What would you do and why?The Tyco scandal of 2002 clearly demonstrates that the firm’s moral compass was askew. In the restructure of Tyco, Kozlowski compromised the company’s corporate governance system in positioning his close associates in prominent organizational ranks, thus leaving room for his cohorts to assist and participate in his wrong doing.Kozlowski and some other executives were able to perpetrate crimes of fraud, grand larceny and conspiracy,embezzlement, accounting conflicts of interest, excessive unethical personal spending and other questionable activities, since Tyco was left unprotected by its damaged controls. Authorities accused Kozlowski and Swartz, Tyco’s CFO, of stealing $170 million from Tyco and fraudulently selling an additional $430 million in stock options in 2002. Federal prosecutors cited some of Tyco’s board members, and Kozlowski, for accounting conflict ofinterest and pilfering of Tyco funds for luxurious private spending. According to Insead Knowledge (2012),at the height of…
- according to an ethics expert ,''we judge ourselves by our best intentionsand most noble acts,but we're judged by others by our last worst act.''Does it mean that in ethics there is an inherent double standard? can you think of two situations wherea person responding to an ethical dilema and interested observers had different evaluations of these persons actions?whistleblowing and some prominent cases of it. Recent whistleblowing activities in the United States have come under scrutiny because the whistleblower’s activities posed a threat to national security. Do you believe that individuals always have a duty to report wrongdoing? Should whistleblowing cases dealing with national security concerns be handled differently?Discuss the circumstances in which you think whistleblowing would be ethically ideal and when it would be ethically prohibited
- In Ghana today, by a mere association with a person who has engaged in some wrong doings or may be not all, you can easily be accused of being part. As an engineer you have been taught not be judgmental on issues until you have all the facts. With this background knowledge, explain conflict of interest and apparent conflict of interest as related to a specific named issue.Do you believe that the Papa John's CEO's behavior was ethical or unethical? Why? Should the public have taken more of a stance against his actions? If so, what action(s) could the public have taken? If not, give reasons why the public should not involve itself in such situations. Should the government have taken any action in this situation, given that the CEO was making a point against legislation it had introduced? If so, explain the action that you believeAlthough Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--
- Referring to the Bernard Madoff "Ponzi Scheme" scandal What are the facts regarding this scandal? How could such a scheme occur? Has justice been served in this case? Should white-collar crimes be prosecuted as aggressively as common crimes?Do you agree or disagree with the lawsuit? Should Goldman Sachs be held be held responsible for rogue employee's behavior? What types of policies should each company have implemented to ensure this does not occur again.Andrew Carnegie at one point was the wealthiest man in American with the intent of giving away his millions. Carnegie used some hard-nosed tactics to earn that money. He underpaid workers, although he believed he was paying a good wage, and hired replacement workers when his workforce went on strike, which essentially broke the union. Carnegie also did not invest in safety procedures to protect his workers, which exposed them to potential injury or death. Andrew Carnegie, however, was not worse than others. Most, if not all, capitalists followed the same set of policies. Discuss this issue. How should we view Andrew Carnegie and his philanthropy? Should we criticize him for how he made his money, or does how he spent his money supersede those concerns? Among many causes, Carnegie spent millions building libraries across the country and funded a retirement fund for teachers to invest in their futures. Every generation can face this question. Today, we look at Bill Gates of…