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Chapter: 1 -Problem: 1 >> 1. Why in your opinion did Bernard Madoff do this? He had been exceedingly successful in the electronic exchange trading that he had started and that his firm continued, and he had clearly achieved both wealth and stature. What was it that drove him, again in your view, “off the cliff”? What does this say about human character? What does this say about the nature and/or culture of the investment c
Answer Preview: 1. People differ greatly in their goals, norms, beliefs and values. The text says that these differences are derived from their cultural and religious traditions and their and economic and social situ…

, Chapter: 6 -Problem: 1 >> 1. Why was Enron so successful at the start? 2. What went wrong?3. How should Kenneth Lay have acted to prevent the development of the arrogant/deceptive culture, and to maintain control of the firm? When should he have acted, and exactly what should he have done? What opposition would he have encountered, and how could he have overcome that opposition?
Answer Preview: 1. It is often said the corporate success is based upon a combination of external trends, market opportunities, competitive advantages and a clear mission. Did Enron have that combination? Be as speci…

, Chapter: 2 -Problem: 1 >> 1. What were the warning flags at the investment banking firms? 2. What were the warning flags at the mortgage marketing firms?3. What, if any, should be the penalties to the senior executives? Countrywide Financial and Washington Mutual – were taking so many actions that were so clearly the wrong, unjust and non-fair things to do, and apparently doing so with so much glee and enthusiasm.
Answer Preview: 1. Why didnt a lower level employee at one of the investment banks that was purchasing, repackaging and then reselling those mortgages suggest to his or her superiors that he or she should go out to o…

, Chapter: 4 -Problem: 1 >> 1. Why do airlines resist the hard and fast time limit?2. Why did not the senior pilot of the stranded jet take charge? 3. What are the best and worst experiences students have had on airlines?4. What groups will be benefited if the present “open air” benzene process is continued?5. What groups will be harmed if the present “open air” benzene process is continued?6. What groups will be able to ful
Answer Preview: 1. My view is that they are looking only at their short-term costs and profit, not at the long-term effects upon their revenues and reputation or at the increasing probability of eventual regulatory r…

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11 Reviews for The Ethics of Management Textbook Questions And Answers