What happens a bank decides to break the social contract

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Reference no: EM133278011

Assignment:

What happens when a bank decides to break the social contract? This press conference held by the National Whistleblowers Center describes the events surrounding the $104 million whistleblower reward given to former UBS employee Bradley Birkenfeld by the U.S. Internal Revenue Service. While employed at UBS, Switzerland's largest bank, Birkenfeld assisted in the company's illegal offshore tax business, and he later served forty months in prison for conspiracy. But he was also the original source of incriminating information that led to a Federal Bureau of Investigation examination of the bank and to the U.S. government's decision to impose a $780 million fine on UBS in 2009. In addition, Birkenfeld turned over to investigators the account information of more than 4,500 U.S. private clients of UBS.3

1. What is my personal position on the issue(s) raised in this video?

2. How does the video contribute to the development of my own ethical code?

Reference no: EM133278011

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