Business Ethics

Paper Summary:

This paper addresses measures being taken in light of the recent financial events with several major U.S. corporations. In addition, recommendations are made to promote the increased ethical actions of those individuals, who are in positions that have a major influence on the U.S. economy.

From the Paper:

"The list of offenders seems to be growing daily. Enron, Merrill Lynch, WorldCom and now Johnson & Johnson have come under increased scrutiny and criminal charges. The actions of the personnel in positions of financial authority at these companies have had an extremely negative impact on the employees, investors, lenders and the economy in general. Employees of these companies lost most, if not all of their pension benefits. Investors lost a large portion of the money they invested. Lenders are faced with the companies filing for bankruptcy and the economy in general is experiencing extreme levels of suspicion, as indicated by the faltering stock market."

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