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A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals ).
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. [citation needed]
Unethical behavior can be intended to benefit solely the perpetrator, or the entire business organization. Regardless, participating in unethical behavior can lead to negative morale and an overall negative work culture. [41] Examples of unethical behavior in business and environment can include: [42] Deliberate deception; Violation of conscience
Anticompetitive behavior refers to actions taken by a business or organization to limit, restrict or eliminate competition in a market, usually in order to gain an unfair advantage or dominate the market. These practices are often considered illegal or unethical and can harm consumers, other businesses and the broader economy.
Even the appearance of unethical behavior leaves a taint. And the public is fixated on ethical lapses. And the public is fixated on ethical lapses. To remedy this, professionals should be held ...
Take Fred, for example. Fred is the guy who asks you to "help" him with a big presentation (aka, you do the whole thing). But when Fred is congratulated on a job well done, he takes full credit ...
The media attention given to ethical lapses means that companies are increasingly being held responsible for unethical behavior including corruption, labor issues, and the poor working conditions in their own operations, in those of their subsidiaries, as well as for the actions of subcontractors acting on their behalf. An early example of the ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]