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Ethics in Corporate America

Ethics in Corporate America. By: Katie, Catherine, Alexander, Emery, and Michael. Unethical Workplace Romance. What is Workplace Romance?. Unethical Romance. Effects on the Workplace Include: Loss of interest Misunderstandings Misguided decision-making Tension Division. The McCourt’s.

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Ethics in Corporate America

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  1. Ethics in Corporate America By: Katie, Catherine, Alexander, Emery, and Michael

  2. Unethical Workplace Romance

  3. What is Workplace Romance?

  4. Unethical Romance Effects on the Workplace Include: • Loss of interest • Misunderstandings • Misguided decision-making • Tension • Division

  5. The McCourt’s

  6. Jamie McCourt -Accused of affair with her driver -Fired as CEO of Dodgers -Over $20 million in legal costs

  7. Frank McCourt Paid $130 million in settlement costs to keep ownership of Dodgers Gave three properties (estimated $50 million value) to Jamie in settlement Forced by MLB to sell the Dodgers this Spring in order to cover incurred debts

  8. The Dodgers -Negative press -Loss of sales -Cuts in team salary -Inability to sign free agents -Inability to resign players -Turmoil in front office

  9. Ethics & Advertising • Ethics in advertisingimpacts both the consumer and the company

  10. A Case Study: Airborne • Dietary Supplement • Created by a School Teacher • Claimed it was a “Miracle Cold Buster” • Said to “Get Rid of Colds in 1 Hour” • Company had no Credible Evidence to Support it’s Claims

  11. Consequences • Class Act Law Suit of $23.3 Million • Reputation

  12. What They Could Have Done Establish their credibility by: - Creating a Credo -Making a Company Code of Conduct Like....

  13. Enron: The Cost of Cleverness

  14. Background • Merger of pipeline companies (1985) • Deregulation of electrical power markets • Shift from “energy delivery” to “energy broker” • Increased volatility of natural gas prices

  15. Special Purpose Vehicles • Pseudo-partnerships • Exaggerate earnings and hide debt • Conflicts of interest

  16. Culture • “Win-at-all costs” • “Rank and yank”

  17. Top-down Ethics • Attention • Reaction to crisis • Role modeling • Allocation of rewards • Criteria of selection and dismissal

  18. The Blackwater Scandal

  19. March 31, 2004 • 4 Blackwater USA security personnel were escorting 3 flatbed trucks to pick up kitchen supplies for the US Army. • They had no mission prep time, rear gunners, map of the area, or heavy machine guns. They road in unarmored SUVs. • Once in Fallujah, their convoy came to a halt in heavy traffic. There the two SUVs were ambushed from behind.Because they had no rear gunner and no heavy machine guns, they did not see the ambush coming and were left to defend themselves with only their M4s.

  20. Videos and pictures of the aftermath led to what is now referred to as the First Battle for Fallujah, a movement led by the US Army and Marines to retake the city. The intensity of the siege and the number of Iraqi civilians killed led to building resentment against US troops, who did not distinguish between soldiers and civilian security contractors.

  21. Part of the bridge where the burnt bodies of the four Blackwater guards were hung after US Marines retook the bridge.

  22. Conclusion • When Blackwater tried to hide documents pertaining to the mission, the family members of those killed finally sued Blackwater for the documents. • Blackwater tried to say that the documents were classified by the government when they were not. • As a result of this incident Blackwater has lost many of their contracts and have changed their name several times to distance themselves from the incident.

  23. Sweatshops

  24. Sweatshops • Harsh Environments -Blocked Fire exits -Unsanitary Bathrooms • Harassments • Low payment • Armed Guards • Human trafficking • Long hours

  25. GAP

  26. Consequences • Bad public image • Court settlements and legal fees • Public uproar

  27. Work Cited http://www.ktla.com/news/landing/ktla-dodger-mccourt-divorce,0,998425.story http://www.cnbc.com/id/45132985/11_Costly_Sports_Divorces?slide=2 http://articles.latimes.com/2011/oct/17/sports/la-sp-1017-mccourt-divorce-settlement-20111017 http://www.jstor.org/stable/4150568?http://www.jstor.org/stable/pdfplus/25077346.pdf?acceptTC=true http://www.dodgersnation.com/wp-content/uploads/2011/06/Frank-JamieMcCourt.jpg http://www.businesspundit.com/the-15-most-notorious-sweatshops-of all-time/ http://annares.wordpress.com/2010/03/31/digital-sweatshops/ http://binoarealuyo.com/2010/05/life-in-a-chinatown-sweatshop/ http://zero-drop.com/?tag=nike-sweatshop http://www.lilith-ezine.com/articles/fashion/GAP-Sweatshops.html End to End Consulting. GE's Vitality Curve. Digital image. The Organisationas an Organism. End to End Consulting, 2007. Web. 8 Feb. 2012. Healy, Paul M. and Krishna G. Palepu. "The Fall of Enron.” Journal of Economic Perspectives (2003): 3-26. Document. Sims, Ronald R. and Johannes Brinkmann. "Enron Ethics (Or: Culture Matters More than Codes)." Journal of Business Ethics (2003): 243-256. Document.

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