MEMO: To Congress Business ethics is one of the greatest issues in the United States that accompanies a very large area of grey zones and questions. The government and individuals have been concerned and trying to implement the correct policies to better business ethics. In the early 2000’s the Enron company became of the of the biggest business ethics scandals ever seen. This huge case brought in many ideas to reform business ethics, though we still see many problems in todays economy. There is no one policy with one quick change that will fix ethics but there is reform to corporate ethics in America that will help. To understand better the changes that need to be made to business ethics it is important that everyone knows exactly what business ethics is. It all starts with the simple definition of ethics; ethics is in business and in life. Ethics is “the study of what constitutes right and wrong behavior” (Cross and Miller, pg.76). Starting as children we are taught the differences of right and wrong behavior. As we become more educated and can impose more power in our lives the differences between right and wrong become even more important as they can impact the lives of others. The majority of people choose to take the right path but some who have power take the wrong path mostly for personal gain. As we have seen in the Enron case the leaders of the company gained a great deal of money because of their bad ethics. Due to the fact that their right and wrong behavior was in the business world that makes theirs bad business ethics. Business ethics is important because it does not only affect the people who made the decisions but it can affect a large amount of people. Enron’s case places executives behind bars for their bad choices but it really hurt the company employees the most. The company had to file bankruptcy and thousands of people lost their jobs. It was these losses and bad business ethics that constituted a strong interest in reform of corporate ethics. Quickly after the Enron case the government and many companies that decided they needed to look in creating better business ethics. Many major companies choose to create ethical codes of conduct. These codes of conducts are great in creating a business environment with correct ethical guidelines for all employees. Along with the ethical code of conduct many companies all created training programs to teach employees ethical conduct. Most of these training programs involve face-to-face meetings with managers and company employees. Of the changes to business ethics after the Enron case was the creation of the Sarbanes-Oxley Act, which “requires companies to set up confidential systems so that employees and others can “raise red flags” about suspected illegal or unethical auditing and accounting practices” (Cross and Miller, pg.81). This act gives individuals more power to speak out against bad business practices with less fear for losing their job. The Sarbanes-Oxley Act was a major step forward to protecting people from corrupt business ethics. Even with this policy and the movement forward there is still many problems being seen in corporate America. These problems that are still being seen raise the importance of reform. It is important to have better ethics in business for many different reasons. The main reason is seen in business and in life, solid ethics builds long lasting relationships. Would you or someone you know want to become friends with a person that you know makes unethical decisions, my guess is no. So why would any person in business want to work with a company they know has participated in bad business ethics? They most likely would not do so, unless misguided into the working relationship and even then they would probably be out as fast as they got in. When companies normally find themselves with ethical problems it is because they are looking for quick profits that make the company look good right now.
William H. Bigsby Jr.
26 September 2013
Research Problem Chapter 5-2
I. Facts about my client:
Client was diagnosed with multiple sclerosis when she was 27 years old.
Client was employed full-time.
Client remained full-time after her condition was discovered.
Her employer placed extreme pressure on her.
Employer’s pressure caused symptoms of multiple sclerosis to accelerate.
Client was then fired by employer.
Client sued the employer and collected damages caused by the employers’…
Presidency in Modern Politics
It has come to the attention of the nation and countries all over the world that the presidential administration has implemented and used drones strikes as a measure to counter terrorism and protect our nation. While this may be a tool important that the military utilizes for national security, the president should act cautiously going forward as this use of prerogative power could become dangerous as more Americans…
In Tschetschot v. Commissioner, T.C. Memo. 2007-38, the taxpayer won more than $11,000 in nine "tournament poker" games. Because of expenses, however, she claimed a net loss of nearly $30,000 on her Schedule C. The government contended that the taxpayer's deductions were limited to her $11,000 of winnings under § 165(d). (The government conceded that the taxpayer was a "professional gambler" and thus could deduct her expenses, as limited by § 165(d), on her Schedule C. Non-professional gamblers can…
gun could have put other people in danger. Things start to get murkier in 2002, after the FBI bobbled the interrogation of Zacarias Moussaoui, the 20th 9/11 hijacker—the one who didn’t get on the plane—former FBI special agent Coleen Rowley wrote a memo pleading that "if prevention rather than prosecution is to be our new main goal, (an objective I totally agree with), we need more guidance on when we can apply the Quarles 'public safety' exception to Miranda's 5th Amendment requirements." For a while…
manufacturing. South Carolina votes to declare the tariff null and void in their state. John Calhoun was vice president but is the lead theorist behind nullification. John argues the states got together and made constitution so if states feels like congress is doing something beyond the limit of the constitution then the state has the right to null and void it. But Jackson in the end say federal law is federal law! Jackson persuades for Force bill which says that president can use army and navy to collect…
Obama challenges GOP, presses big agenda at State of the Union
LIVE VIDEO — NBC News provides complete coverage and analysis of President Obama's State of the Union address to Congress and the Republican response from Sen. Marco Rubio of Florida, starting at 9 p.m. ET on Feb. 12.
By Michael O'Brien, Political Reporter, NBC News
President Barack Obama challenged Republicans on major tax and entitlement proposals in Tuesday's State of the Union address, unveiling sweeping new initiatives to boost…
How to write a memo
Use the IRAC method-Determine the facts then:
R-Rule (which rules apply)
After the first draft, look back at the facts. Are more needed or is more research needed.
Code and regulations
Internal revenue code is a law enacted by congress-currently Internal revenue Code of 1986, as amended (“IRC”)
Regulations are issued by the treasury-the IRS
(Permanent, temporary and proposed)
Legislative or interpretive-but both are so well…
Bush tax cuts
The biggest culprit? The 2001 and 2003 tax cuts under then-president George W. Bush, says the Associated Press. They have added an estimated $1.6 trillion to the national debt. It's pretty clear, says Brian Beutler at Talking Points Memo, that Bush-era policies, "particularly debt-financed tax cuts," make up "the lion's share of the problem." And they're ongoing, so the tab for them builds every year.
2. Health care entitlements
Democrats "constantly harp" about the Bush tax cuts…
The basic choice facing any politician seeking to stimulate a moribund economy is whether to catalyze the supply side with tax cuts on business or the demand side by way of spending increases. Obama obviously made that choice years ago: He will work the demand side.
Talk about you equation stuff
Famed conservative columnist Dick Morris points out that in all federal capital projects, only about one-quarter of the funds appropriated are actually spent in the fiscal year. According to his studies…
RESOURCE TASK 1
Re: Lawsuit claim by a former Employee
A. CONSTRUCTIVE DISCHARGE
A former employee has recently brought a lawsuit against the company claiming a constructive discharge. He/she claims the company has religiously discriminated against him/her and was asked to work during days which his/her religion considers as a holy day which has forced him/her to quit the job because the company has made his/her working conditions unbearable. This memo is to give you…