Business Ethics

Term Paper # 115883

Business > Companies
Ethics

Business Ethics

This paper focuses on the issue of unethical behavior in the Dean Buntrock Waste Management scandal.

1,197 words () | 7 sources | APA | 2009 United States

Paper Summary:

The paper discusses the fraudulent business practices of the Dean Buntrock Wastet Management scandal where the company's earnings were aggrandized, and the financial performance of the company presented investor's with faulty monetary projections and numbers. The paper shows how Buntrock violated the code of ethics in his purposeful intent to manipulate shareholders, buyers and other clients in a process known as netting. The paper includes a huge amount of resource material.

From the Paper:

"This deceit is evident in the SEC's report pertaining to Waste Management's bookkeeping and other falsified records: The company's earnings were aggrandized, and the financial performance of the Waste Management was presented investor's with faulty monetary projections and numbers (SEC summary). This level of falsify ended up amounting to 33% lower stock worth and the profits which were reported added up to $1.7 billion. The ethics of Waste Management were obviously sacrificed in order for the CEO Dean Buntrock to gain more money. This is the main ethical issue involved with this scandal; that of prevaricating records in order for a greater monetary return."

Sample of Sources Used:

Business Wire. (2002). Former Waste CEO Responds to SEC Allegations, Challenges Fairness. <http://www.findarticles.com/p/articles/mi_m0EIN/is_2002_March_26/ai_84193004>
Chakravarty, Subrata N. (1993). Dean Buntrock's Green Machine. Forbes, Vol. 152 Issue 3, p96-100.
Costa, John Dalla. (2006). Ethics and Marketing. Marketing Magazine, Vol. 111 Issue 19, p12 14. (Online). Available: http://www.marketingmag.ca/magazine/current/feature/article.jsp?content=20060522_6 397_67397
Elkind, Peter. (1998). Garbage In, Garbage Out. Fortune. Vol. 137 Issue 10, p130-138.
SEC (2002). <http://www.sec.gov/litigation/complaints/complr17435.htm>