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The subject is principle of profissional ethics Golden mean in professional ethics 1.Why do some businesspeopple make...

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Psychology

The subject is principle of profissional ethics

Golden mean in professional ethics

1.Why do some businesspeopple make what appear to be the rightethical choices, Whilst some do things that are immoral or evenillegal?

2..Are people how make these unethical decision naturally bad,or are there other reasons that can expain the numbers of ethicsproblems in business?

3.do people have different ethical belifes and values at workfrom those they have at home?

Answer & Explanation Solved by verified expert
3.6 Ratings (653 Votes)
1 Why do some business people make what appears to be the right ethical choices Whilst some do things that are immoral or even illegal While ethical behavior may seem as if it is the normal course of business its unfortunate that some business people and some businesses do not operate ethically Enron WorldCom Tyco HealthSouth and Lehman Brothers among other companies have been highlighted in the news during the past several years due to unethical behavior that resulted in corporate scandals and in some cases the conviction of senior executives and collapse of some companies While business has never been immune from unethical behavior it was the fall of Enron in 2001 that brought unethical business behavior on the part of senior executives to the forefront Enron began as a traditional energy company in 1985 But when energy markets were deregulated prices were determined based on the competition rather than being set by the government in 1996 Enron grew rapidly The company began to expand to areas such as Internet services and borrowed money to fund the new businesses The debt made the company look less profitable so the senior management created partnerships in order to keep the debt off the books In other words they created paper companies that held the debt and they showed a completely different set of financial statements to shareholders owners of the company and the government US Securities Exchange Commission SEC This accounting made Enron look extremely profitableit appeared to have tripled its profit in two years As a result more people bought stock in the company This lack of disclosure is against the law as publicly traded companies are required to disclose accurate financial statements to shareholders and the SEC There began to be speculation about the accuracy of Enrons accounting and on October 16 2001 the company announced a loss of 638 million On October 22 of that year the SEC announced that Enron    See Answer
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