Analyzing Ethical Behavior

Analyzing Ethical Behavior Enron CEO Kenneth L. Lay and Ex wangle computer memory manager Bernie Madoff pay one subject in common. They some(prenominal) pulled off two of the biggest scandals that sent shock waves by dint of skirt Street. Not only did they rip off m all investors but, they undone lives by swindling away people lifelong savings. What was Mr. Lay and Mr. Madoff positionings on social duty towards its stakeholders? What consequences and implications did they face as a aftermath of their actions? These are two questions that this student allow for dissect in this paper. An analysis of ethical behavior is afterwards having excellent trade sense. Moreover, this should lead to a orders fair intervention and good will of investors, colleagues, and customers. Mr. Lay and Mr. Madoff view of social responsibility could not have lived up to the play alongs intention. In fact, Enrons code of ethics clearly states that, we are amenable for conducting the business affairs of the company in accordance with wholly applicable laws and a moral and mediocre manner (Buisness Ethics-Yahoo! Geocites-ssoters Home Page, n.d.). This student thinks that this is the exact inverse of the codes of ethics that the Mr. constabulary and his company did business by. Moreover, to elaborate on Mr.

Madoff hedge origin social responsibility; it did not make out under the homogeneous rules as a normal company would but it did have to meet the standards of the Investment Company comport of 1940. This act was a safeguard to investors and maintained a leg itimate degree of integrity, besmirch fraud! and misappropriation of investors assets (Krug, n.d.). neither Madoff nor Lay adheres to any ethical standard towards investors, colleagues, or customers. In essence, if ethical standards do not meet, consequences and/or implications are commonly the backlash for this unethical behavior. For Lay and Madoff, they ruined peoples lives, jobs vanished, pension plans wiped out, and most of all they lied...If you want to get a full essay, mold it on our website: OrderCustomPaper.com

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