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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Some of the vital characteristics of ethical communication are discussed below. Conveying the point without offending the audience: [2]; While communicating with the audience, expressing the desired message to them in a significant manner is of primary importance.Strong conversation skills can make a big difference in the workplace.
Unethical communication practices within a company can harm its reputation and shareholder value. [4] [5] However, companies must also maintain a balance between transparency and considerations such as privacy, confidentiality, and profitability. [6] [7] It intersects with disciplines such as sociolinguistics, media ethics, and professional ethics.
Pixabay/Public Domain[/caption] 8. Olay. Olay indulged in misrepresenting their product, when they retouched a model’s photo for their eye cream, misleading customers to believe that the cream ...
Big banks and bank stocks, like Citigroup, don't always conjure up the most warn-and-fuzzy feelings for investors, but does that mean people shouldn't own them? In this segment of The Motley Fool ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Ridesharing companies are regulated in many jurisdictions and the Uber platform is not available in several countries where the company is not able or willing to comply with local regulations. Other controversies involving Uber include various unethical practices such as aggressive lobbying and ignoring and evading local regulations.
Business ethics implementation can be categorized into two groups; formal and informal measures. Formal measures include training and courses pertaining to ethics. Informal measures are led by example from either the manager or the social norm of the company. [12] There are several steps to follow when trying to implement an ethical system.