In each case discussed at some length in this chapter Enron, Arthur Andersen, WorldCom, and Bernie Madoff–the problems were known to whistle-blowers. Should those whistle-blowers each have made more effort to be heard? How?
Answer to relevant QuestionsThe lack of corporate accountability, and an increased awareness of inequities and other questionable practices by corporations, led to the Occupy Movement. Identify and comment upon additional recent instances that have led ...1. Describe the mechanisms that WorldCom’s management used to transfer profit from other time periods to inflate the current period.2. Why did Arthur Andersen go along with each of these mechanisms?3. How should ...Assume that Firm A is a publicly-traded company that puts its financial statements on the web. This information can be accessed and read by anyone, even those who do not own shares of Firm A. This a free-rider situation, ...1. Ignoring any legal issues, was Cesar ethically obligated to inform his partner, George, of his criminal past?2. Did George have a right to know about Cesar’s criminal past?In 1984, when he was eighteen years old, Cesar ...Before the recent financial scandals and governance reforms, few corporate leaders were selected for their “virtues” other than their ability to make profits. Has this changed, and if so, why?
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