This is the second Ethics & Compliance Specialist Capstone Project installment as outlined in Module 0 located in the Learning Modules section.

The basis for your work will be the knowledge gained in this module related to the influence of ethical theories on business ethics, the impact of justice and virtue on ethical approaches, and how individual character and utility contribute to an ethical culture.

In order to assist your Capstone employer with their focus on ethical behavior, you will review this CBS 60 Minutes segment: World Of Trouble (Time: 13:14, closed captions available from Amara).

World Savings Bank no longer exists today and was eventually acquired by Wells Fargo. Review the Wells Fargo Code of Ethics and Business Conduct to gain more insight into their current practices.

Respond to the following questions:

1. Summarize the facts of this case including Paul Bishop's concerns expressed to the bank's executives, the executives' reaction/inaction, and the ultimate outcome.
2. Describe the individual character of Paul, the salespeople who sold multiple mortgage refinancing loans to Betty Towns, and the bank's executives who exerted pressure to sign more loans, including how they are the same, and how they are different.
3. Discuss the influence of ethical theories on the business ethics exhibited by Paul and the bank's executives as it relates to each of the following:
   1. Deontology
   2. Utilitarianism
   3. Virtue theory
4. Describe the impact of justice on the ethical approaches exhibited by Paul in his threat to warn Wachovia Bank in advance of the sale of World Savings Bank and his employer's decision to fire him. Your response should address all five steps related to the social contract including: (1) entering, (2) agreeing, (3) basic conditions, (4) welfare, and (5) stability.