Ethics

Economy & Finance Business

ETHICS A set of principles of right conduct. OR A theory or a system of moral values: "An ethic of service is at war with a craving for gain

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Soros solidified his status in the Investing Hall of Fame in 1992 in the trade that gave him the title “the man who broke the Bank of England”. Theory of Reflexivity George Soros has often attributed his investing success to his Theory of Reflexivity. The key idea behind the theory this that markets are constantly battling two realities; Objective Realities and Subjective realities. Markets reflect beliefs that directly affect the underlying fundamentals and fundamentals, in turn, form the basis for beliefs. This feedback loop sometimes causes prices and expectations to drastically diverge from reality. Now at age 87 and with a net worth around $23 billion, he stands as the 19th richest person in the United States and 29th richest in the world. His philanthropic organization, the Open Society Foundations, supports democracy and human rights in more than 100 countries. So what stocks make up George Soros’s portfolio now? In the next section, we’ll sift through Soros Fund Management LLC’s latest Form 13F filing to get a peek at the stocks they find most interesting in the current market conditions.

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Please Do Not Copy and Paste this Information Provide a brief synopsis of Mr. Lee's concerns regarding Lehman Brothers. *Matthew Lee was an executive in Lehman Brothers, a senior vice president, in 2008, and both verbally, and in a formal letter to the then CFO and Chief Risk Officer he reported that he believed that members of the senior management have violated LB's internal code of ethics by "misleading investors and regulators about the true value of the firm's assets." (Corkery, 2010) * What are sensing mechanisms and why are they important? Jennings advises that executives get out of their office, that is, out of official meetings, and regularly speak informally with employees. Sponenaity and approachability often leads to new insights about the condition of the company and its employees. Jennings referred to a television program called Undercover Boss, in which executives of a company spend time under another alias and worked with their regular workers, speaking to them and listening to them without the trappings of hierarchy and fear of losing their jobs. Usually the executives learn new things, good and bad, about the conditions and thinking of their employees. *What is the humble firm and how does it encourage ethical behavior? In a humble firm, according to Jennings, "the arrogance of results and top performance is kept at bay. This permits an more open environment to take hold." (Jennings, 2014,pg 271) This type of environment allows for people of all levels of a company to speak freely and even correct ethical behaviors. This type of humility will allow for any ethical issues to be discussed on their own merits, rather than who is engaging in them. *Describe what leads to the types of behaviors at Lehman and other companies that eventually collapse. Sometimes leaders of companies feel that compromising their ethics in order to make the company prosper is sufficiently justified. The casuistry theory of leadership implies that making the decisions that are made on behalf of the company is part of the duties of a leader, even if the decisions are against the law or the ethical guidelines of the company. However, when they are found out, the majority of the public will not agree that leaders have the right to break the law. The implication, however, is that some people feel that if it is not known, it can be accepted. This concept, causistry, states that ""rulers" must, therefore, in conscience and ethics, subordinate their interests ,including their individual morality, to their social responsibility." (Drucker,1981, pg 24-25)The statement made by former President Nixon, who resigned amid the Watergate scandal of the early 1970's illustrates this attitude "When the President does it, it is not illegal." *Why are managers unable to simply rely on their ethics hotlines In her book Business: Its Legal, Ethical and Social Environment, Jennings stated "Despite a strong values system, an individual facing the complexities of business ne.

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Research Topics with Explanation SHOULD THE GOVERNMENT PROVIDE FINANCIAL ASSISTANCE TO PEOPLE WHOSE RETIREMENT FUNDS WERE INVESTED IN STOCK OF COMPANIES THAT MAY HAVE USED UNETHICAL ACCOUNTING PRACTICES? Name: Richard Hepburn Assignment 4 Persuasive Paper Part 2, Solution and Advantages  Strayer University  Research & Writing EGN215041VA016 Professor Michael White Date: 02/20/17 December 02, 2001 is a day that will go down in history for many people, it was the day that Enron a U.S energy trading and Utilities Company filed for bankruptcy. This bankruptcy filing changed the lives of many innocent Americans who lost their entire life savings. In late December 2008, a major case of stock and securities fraud was discovered and Bernard Madoff the founder of Bernard L. Madoff Investment Securities was convicted and eventually sentenced to 150 years in prison for running the largest fraudulent scheme in U.S history. New York Times | DIANA B. HENRIQUES and ZACHERY KOUWE | Posted 05.25.2011 | Business. Both of these schemes negatively affected the financial, social, health, and economic lives of thousands of people who depended on the expertise of these companies to invest their retirement savings adequately. These unfair practices lead me to believe that there is no accountability for these crimes and the government, therefore, has a responsibility to the public as a whole, and to the numerous people who have lost their life savings to the unscrupulous accounting practices of many professional investors and financial institutions. My first concern leads me to believe that nobody is keeping a watchful eye on any of these big corporations who continues to mishandle the retirement savings of the American citizens who work so hard to put away their life savings for a better future. What was the Enron culture? The Wall Street Journal of 26 August 2002 captured the essence of Enron’s culture, as the expression of the personalities of its senior management (Raghavan et al., 2002). A Lucite cube on the desk of Chief Financial Officer Andrew Fastow read: ‘rip your face off.' Add Jeff Skilling’s penchant for extreme sports, and a picture of an aggressive culture begins to form. The Wall Street Journal reporters observed ‘It [Fastow’s cube] was a characteristic gesture inside Enron, where the prevailing corporate culture was to push everything to the limits: business practices, laws and personal behavior’ (Raghavan et al., 2002). Enron Corp is a company that reached dramatic heights, only to face a dizzying collapse. The story ends with the bankruptcy of one of America's largest corporations. Enron's collapse affected the lives of thousands of employees and shook Wall Street to its core. At Enron's peak, its shares were worth $90.75, but after the company had declared bankruptcy on December 2, 2001, they plummeted to $0.67 by January 2002. To this day, many wonder how such a powerful business disintegrated almost overnight and how it managed to fo ...

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