Bernie Madoff's Code Of Ethics

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Whether you are tuning into the five o-clock news, reading the morning paper, or checking to see what is trending on Twitter and Facebook, you are bond to come across a corporate scandal. We have all seen them, from the “Bernie Madoff's $50 Billion Ponzi Scheme”(Forbes) who stole millions from his clients. The infamous “The Enron Scandal”(Time), where thousands of employees’ money were unwillingly invested and lost, with pension and retirement funds gone forever, to the crimes of Richard Scrushly, whose headline read “From Wall Street to prison the HealthSouth story”(CNN), who came up with fictitious transactions and accounts to boost the company’s earning. In each of these cases, there were individuals who made terrible choices that cost them …show more content…
To some, the notion of being sentenced to prison for being unethical would be some what perplexing since many believe that abiding by the law is being ethical, when in truth “ethics is more than legality”(pg.94). “Ethics is the standard of moral behavior that is accepted by society as right versus wrong”(pg.96). It is what tells us that even through we are not breaking any laws, that it would be wrong to do certain things, like talking to a friends ex boyfriend/girlfriend, lying to your parents, or pretending to like some one to get ahead in life. Ethics is beyond “a system of rules” (Dictionary), it is a direct relations to a persons character, and in that, it relates to connection that people have with one another. When there is a lack of ethic, there is an absence of trust and respect that leads to the breakdown in the connection, this breakdown can be seen in any area of life, in the church, the school systems, the government and in business. In business this collapse of the relationship is realized every time a corporate scandal is seen rather it is case of fraud, unequal pay for women, or child
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