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Please post a response about a company that you believe is not acting in an ethical manner. Provide facts. Post must be 250 words minimum Original post due by end of day Friday Respond to at least 2 other posts by end of day Sunday. Response post is 100 words minimum First Repond: Enron executives view the role of finance within their company as a means to deceive not only their employees and business partners but also their stock holders in order to better themselves. I do not think it was their intent to better themselves when they first started misleading the public. They probably had a bad year initially, and realized if they changed their accounting practices to a fair value accounting style they would appear profitable. Fair value accounting uses estimates of the potential market value of something. When the next year came and the estimated value placed on their assets fell short, Enron was in even deeper than the previous year, and the losses started to snowball. Instead of coming clean about its financial situation, Enron again deceived shareholders by shuffling its debts and losses around, so it could appear profitable. Clearly, Enron did not adhere to issues within its agency, especially with its lack of compliance to corporate ethics. Simms and Brinkmann (2003) write in the Journal of Business Ethics, "Enron in practice created an organizational culture that put the bottom line ahead of ethical behavior and doing what is right" (p. 243). On paper, Enron had a corporate ethics policy to be modeled after, but in practice the executives did not adhere to it. Once executives realized Enron was going down they focused more on their own financial gains rather than its employees and stockholders by telling them to hold onto the stock while they are cashing out on theirs. As evidenced by the sharp decline of its stock price and its eventual bankruptcy Enron needed to make changes. Sims, R. R., & Brinkmann, J. (2003). Enron ethics (or: Culture matters more than codes). Journal of Business Ethics, 45(3), 243-256. Retrieved from https://ezproxy.msoe.edu/login?qurl=?url=/docview/198149843?accountid=9445 Second Respond: 1. J.P Morgan Chase is global financial services firm. Established in 1799 in New York it is one of the oldest banking institutions in the world. It is also the largest bank in the United States with assets over $7.4 trillion. Offering banking services, and financial services, JP Morgan Chase has operations in over 50 countries. They have 6 major businesses: Investment Bank; Retail Financial Services; Card Services; Commercial Banking; Treasury & Security Services; and Asset Management. In this regard JP Morgan Chase is greatly involved in finance throughout their operations. In this regard JP Morgan Chase is greatly involved in finance throughout their operations.
Describe the organizational structure of the European Union. Be sure to include a discussion about the inter-relation between the commission, council, court system, and parliament.
The deed names both friends as trustees. "A" can appoint trustees. "A" died tragically, leaving "B" as sole trustee. "B" appointed another trustee who was bankrupt.
How would you act, what actions should you take, and what would you do? Should you challenge the validity of the OSHA inspector's request, or their right to enter the workplace
Explain the basic elements and compliance issues of the federal procurement framework (contract formulation, solicitation, costs, payment, financing, administration, and closeout.)
The power to regulate international commerce can be best described as: a) the federal government has exclusive power b) the states and the federal government share concurrent power.
Debbie, aged sixteen, lives at home with her mother, Jennifer, in a state where the age of majority is eighteen. Jennifer is aware that Debbie has recently exhibited a sometimes violent and delusionary nature diagnosed as schizophrenia, and has attac..
Explain Business Communication:Business Report Research Letter and Write a letter requesting specific information for some element of the business report
In today's consumer-oriented society, many people in the United States have borrowed heavily to buy cars, houses, furniture, clothes, vacation trips, and more. Other people are deep in debt through unfortunate circumstances, such as loss of job an..
Find and read the Judgment in P J McCarthy & Sons Pty Ltd v Q Paint Pty Ltd.
Explain Choosing the Appropriate Business Ownership Structure and Compare the advantages and disadvantages of a limited partnership with an LLC and determine the most appropriate form of business for this venture.
Explain Employment Law and Social Media and Social media is changing the landscape of hiring and promotion
Consideration does not have to be adequate or commercially realistic, nor does it have to be expressed in monetary terms, it merely needs to be "sufficient".
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