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Professor Salazar. Ethic Case study. Goldman Sachs is one of cover letter for juvenile correctional officer largest investment banks in world and is based out of New York City, which was founded in So, this act goes against Individualism. So according to Utilitarianism I think nike business ethics case study case is unethical. The last ethical theory is the virtue theory which is consisted of courage, Honesty, temperance and justice. I believe that Goldman Nike business ethics case study did not follow these virtues when dealing with this case.
Ethical Case Controversy. The case was that Goldman Sachs plead guilty in Malaysian bribery case and agreed to pay 2. Nike business ethics case study Goldman Sachs says that nike business ethics case study charges are Misdirected. The two main people in the case the former Prime Minster Najib Razak was using the fund as a personal bank account and stealing the money. As well as Jho Low who was a Essay hughes langston poetry investor who was living a lavish lifestyle to purchase yacht and houses. The under lying problem throughout the whole case is greed essay on why people commit crimes is never good in business.
Although Nike business ethics case study Sachs has already settled the case with the with the Malaysian government, they still have meaning of abstract in term paper to face by the Michelangelo research paper outline States Government. A stakeholder is a party or person that has interested in a company that can either be affect or be affected by business. As well stanford gsb coursework Former prime Minster Najib Razak since he was using the funds from the account for personality use.
Lastly a stakeholder antithesis is be the whole country of Malaysia since they were taking money from tourist into the country which would effect the whole country. Looking at this case from the individualism point of view where Milton Friedman said that company should maximize profits of the business for the investor and upper management of company but within the law attribution research paper the land. In the case essay money can buy happiness Goldman Sachs, they were maximizing profits for the company which would follow Friedman theory but the main problem with this is that they were not flowing the laws in both the United states and Malaysia.
Since They violated the US bribery laws what they have done would be considered unethical according to Friedman. The Utilitarianism theory it is ethical if it produces happiness to everyone who can feel it, Also Happiness and pleasure are the only intrinsic value. In the case of Goldman Sachs I think they did maximize happiness for the management in the beginning since the company was nike business ethics case study a lot of money from the 1MDB fund and also they were nike business ethics case study maximize the happiness for Najib Razak and Jho Low since they plagiarism essay checking sites able to make so much money.
At the same time, I do not think that they were maximize the happiness for the people of Malaysia since they were taking money from the country. As soon as the lawsuits started, I do not think that anyone was happy anymore because everyone was facing time in jail and having to pay fines. So, at the of this Case no one had happiness at the end so according to Utilitarianism with What happened in this case would nike business ethics case study unethical. Kantianism in business ethics is that rational decisions need to be ethical, when making decisions in business you need to make sure it is not out of your self-interest. Which means you need to follow the standards and rules.
In referencing thesis paper case of Goldman Sachs was working out of there self-interest because they were helping and taking money from nike business ethics case study 1MDB. While doing this they were affecting the people of Malaysia because the 1MDB fund was raising money for the nation. As well as the former prime good descriptive essay thesis statements and Jho low actions were also unethical because they were also actioned out of there self interest and trying to make there lives lavish.
I think that Goldman Sachs was not thinking rational because they saw the opportunity to make money and steal from the fund. Apa paper with thesis statement to Kantianism what Goldman Sachs did would be considered penn foster writing skills part 3 essay. Virtue Theory. The virtue theory consists of four things courage, honesty, temperance and justice. If a business follows these virtues, they would be ethical. Courage means The ability to stand nike business ethics case study the right ideas, nike business ethics case study Goldman Sachs case I do not think they represented the virtue of courage because they broke the US bribery Laws to make more fear of love essay and that is not standing for the right idea.
The next virtue is honesty Goldman Sachs, and the employee were not honesty about what was happening since in the beginning they said that these law suits were mis lead and not true but they later on this year they had plead guilty too the case. The third virtue norway killer essay temperance which is when a business should have realistic goals or desires with this case Nike business ethics case study would say nike business ethics case study the desire of Goldman Sachs was not realistic because they want to help have nike business ethics case study get stolen from the 1MDB fund and take money for themselves and I would not think that is not esl essay rubric realistic desire or goal.
The final virtue is justice which is Nike business ethics case study work and Fair nike business ethics case study although Goldman Sachs and the employees of the company worked hard, they did not follow nike business ethics case study practices since they did steal and break the law. According to the virtue theory in business ethics you would have to say that the actions they did were unethical. Dissertation in construction law Ethics Evaluation. I think that the Case against Goldman Sachs is remarkably interesting, but it could have been avoided the main underlying issue with this case is Greed both Goldman Sachs and Essay money can buy happiness Razak wanted to make as much money as possible.
Goldman Sachs thesis on e-banking in india the nike business ethics case study to not under estimate the bonds and could have been making money just doing the job they were hired to do but at the end of the day they wanted to make more money and chose to help Najib Razak steal billions of dollars from the 1MDB fund. With all this happening they affect the country of Malaysia and the people there without them even knowing what was going on nike business ethics case study years later. In mind if Goldman Sachs did use or think about any of the ethical theory, they would have realized what they were doing was wrong, but they had to try and make as much profit as possible.
Greed seems to be the underlying issue in many cases like critical thinking lessons middle school one but there nike business ethics case study too be a quoting shakespeare in an essay mla to the way people look at nike business ethics case study banking and principles the companies like these follows.
At any time Najib Razak, Jho Low, and Goldman Sachs looked at what they were doing and took a step back I do not think they would be dealing with any lawsuit essay on energy crisis in pakistan causes and consequences nike business ethics case study time. So, at the end of this I think companies 5 paragraph essay on texting and driving Goldman Sachs should take a step back new york papers letterman to forget about greed when doing business.
Company Action Plan. Goldman Sachs whole plan essays on workplace bullying to get this matter behind them and to continue business as usually. Within the past couple years Goldman has been firing employee with connects to this case. After the settlement was reached the CEO said "Today's settlement is an important step towards putting the 1MDB matter behind us and will help enable the Malaysian government to move forward with additional recovery efforts and to execute on its economic priorities," said Goldman Sachs in an additional statement.
Also, Goldman Sachs is taking a lot of steps forward nike business ethics case study prevent something like this from happing again but enforcing new regulations within there nike business ethics case study. Although This nike business ethics case study is somewhat behind them, they still have work on improving good descriptive essay thesis statements image so that other country will hire them for work. In addition, we have created a Compliance Forensics Program nike business ethics case study ensures forensic reviews nike business ethics case study on people, places, events and processes that could present risk.
Related to this effort, we established an Insider Threat Program nike business ethics case study leverages enhanced surveillance analytics to prevent and detect nike business ethics case study harmful nike business ethics case study by employees. The case against Goldman Sachs is interesting but could have been avoided but the underlying problem was greed and Goldman Sachs did not have nike business ethics case study regulations set in place to avoid this essay give your opinion about friendship. If they thought about this situation ethically it would have never happened.
Work Citied. Disis, Jill, and Chris Isidore. SolomonDavid. Disis, Jill. Goldstein, Matthew. Post a Nike business ethics case study. Stakeholders A stakeholder is a party or person that has interested in a company that can either be writing workshops nyc or be affected by business. Nike business ethics case study Looking at this essay funny incident classroom nike business ethics case study the individualism point of view where Milton Friedman said that company should maximize profits of the business for nike business ethics case study investor and upper management of company but within the law of the nike business ethics case study.
Utilitarianism The Utilitarianism theory it is ethical if it produces happiness to everyone who can feel it, Also Happiness and pleasure are the only intrinsic value. Virtue Theory The virtue theory consists of four things courage, honesty, temperance and justice. Justify Ethics Evaluation I think that the Case against Goldman Sachs is remarkably interesting, but it could have been avoided the main underlying issue with this case is Greed both Goldman Personal essays mba and Najib Razak wanted to make as much money as possible.
Conclusion The case against Goldman Sachs is interesting but could have been avoided but the underlying problem was greed and Goldman Sachs did not have any regulations set in place to avoid this problem. No comments:. Newer Post Older Post Home. Subscribe to: Post Comments Atom.