Corinne Ortega February 26, 2020 Ethics
Similar is Sathyam computers, which is called the Enron scandal. Sathyam computers an information technology company which produces software's headquarters at hyderbad, India. Its chairman Ramalinga Raju produced accounts sheet that a 7000 crore fraud. The primary auditors were not able to this modification. As a result of this scam that the employees lost their and chairman was for fraud.
Enron a natural energy company founded in 1985 by Kenneth Lay after merging Houston gas and internorth( citetation). In early 1990's Enron sold power at selling price. At around same time US congress passed a statement about the deregulation of gas that Enron to market energy higher prices. Back in 1992 Enron was the merchant of gas in . Online trading model developed in November 1999 as Enron has developed and extended the and deal with its trading . 2001 Enron had owned and operated gas , pulp and paper plants, broad , power plants and water plants globally. Enron stock was priced in US $83.13 and market capitalization US$60 billion, Enron rated the most large business in the united states in fortunes most respected survey. By the of 2001 the Enron scandal has been shown. The CEO Jeffrey Skilling with a number of the executives also have hidden billions debt from failed projects and deals. Chief financial officer Andrew Fastow and other executives mislead the board and audit committee by them psydo accounts statements. Once the scam has been the Enron stock at $90 per share in 2000 plummeted to less than $1 at the end of November 2001. This autumn in stock value has caused at billion loss for its holder. The of the organization received a small amount of these salary and pension it was bankrupted. Several law suits were filed from the business CEO and other executives.
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Crosscultural contradictions Ethical policies become a problem once the are unable to conduct business in your home, societies at which the ethical policies works or liberal in their own favor. In the home are not allowed to sell products since it is unethical to make use of unsafe products but they sell it into other states where the moral criteria let them those products. It happens especially with pharma products. Some factories which emit pollutant gases installed in neighboring countries moral criteria at home usually do not allow the factory to business. These pollutant gases created are dangerous for individuals and the setting. Still it's ethical in . These kinds of to contradiction and exploitation. These problems which arise for the directors and companies to solve. the firm has responsibility to get their country but to four key classes that they are , employees, customers or . (example )
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