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Thursday, November 28, 2013

Liability and Punishment for CEO's - Ethical Considerations

In today?s world, chief operating ships officer?s of major corporations or organizations have tremendous obligate on them to meet expectations and succeed. They ar responsible for making the toughest decisions that view numerous tribe. CEO?s often struggle with decisions because individual(prenominal) successes and morals confront each(prenominal) other. Normative ethics are most-valuable for CEO?s because their actions have an effect on race?s lives. Recently, WorldCom CEO Bernard Ebbers was sentenced to jail for 25 years because a jury command that he was responsible for an 11 gazillion dollar accountancy fraud. His actions caused his cooperation to go bankrupt, which was at the time the largest nonstarter case in U.S. history (Lazarus, 2005). Ebbers claimed he did not cheat what was going on, and others were to diabolic because he merely delegated tasks. Many people lost their jobs, many lost all of their savings tied to WorldCom stocks, and millions of people w ere alter by the actions that he made. His decisions were strictly pecuniary decisions and they appeared to be in his best interest only. The question then(prenominal) becomes, was Ebbers liable and did he deserve to go to jail? close to would say he made a business demerit and it ended up hurting his career, but jail was as well harsh. Ebbers deserved to go to jail and deserved to be punished for his unethical decisions.
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Ebbers deserved to go to jail because he egocentricly chose to execution the salutarys, and turn out the consequences of the people he was going to affect. He had a traffic to protect the contractual rights of his shareholders a! nd partners. He advisedly deceived these people for selfish reasons and essentially stole from them. Ebbers actions illustrated he knew what was right and wrong and he knowingly made decisions that would hurt more than people than help. As the Chief Executive... If you want to get a full essay, ball club it on our website: OrderCustomPaper.com

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