Business Ethics and Government Regulation

Paper Summary:

It seems that one can't even turn on the television without seeing yet another business or business person being investigated by the SEC or sitting before a Congressional panel explaining their actions. This paper examines several questions that should be raised when discussing Congressional scrutiny: At what price should the SEC and Congress cleanse the business world of shady deals and deal strikers? What long-term economic effects will be felt? What solutions should be implemented to prevent future occurrences of business impropriety? The paper examines several cases of business misconduct and answers these pertinent questions.

Paper Outline:
Introduction
ImClone
Enron
Bibliography

From the Paper:

"The government's solutions thus far are counter-productive at best. Prosecutory tactics have proven time and time again to be an ineffective solution to curbing business impropriety and has only served to punish the innocent. Taxpayers pay for the prosecution, employees pay with loss of income, and the general public pays for the corporate lawyers through increased cost of goods and services. To keep businesses ethical a more effective less costly system of checks and balances must be implemented."

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