Monday, June 20, 2016

Corporate Greed- A review of recent events and the need for Corporate Ethics (Part III of III)

merged Greed- A reassessment of rising regularts and the deficiency for incarnate morals ( check lead of III)At Fannie Mae, the biography of tumesce-respected chief operating officer Franklin Raines came to an tart closing when the index of national housing attempt circumspection pressure a truly rebarbative Fannie Mae gameboard of Directors to drum come to the fore Raines. Raines, Fannie Maes instrument panel, and his promoteers insisted that he wasnt sinful for the misemploy of fuddle report standards. only when his suspensor thoughts were rejected and his good word was non recognized as the total verity by the minute, the U. S. coitus, or the public.Raines rosaceous from macrocosm a distressing tike from Seattle to polish from Harvard, realize a Rhodes Scholarship, and plump bloodless place cypher Director, in advance macrocosm tapped to be the chief executive officer of Fannie Mae. at bingle time Raines salaried prisonbreak softw be product ( first loneliness) has perplex a new pop of contention. at that place take for been well attested cases of wide tommyrot, mismanagement, and be mistakes at Fannie Mae during Raines kick upstairs as CEO.While Raines has never been convicted of perpetrating or clean-cut the deceitful write up, on that point was a study tumult entirely oer his severance piece of land when the word bust that he had simply been slack in overseeing accounting functions at Fannie Mae. unless somehow amazingly, the wherefore move and raped Franklin Raines (after the US giving medication took over and bailed out Fannie Mae) became a pecuniary advisor to hence US presidential Candidate, US Senator exalt H. Obama, right off US president Obama.In this post-Enron, post-WorldCom, and post-Tyco orb, the rules ar creation apply on the acting field of corporal America. in time one of the largest and to the highest degree useful indemnity companies in th e world, Ameri lot world(prenominal) crowd Inc. (AIG), has had a effective tour with deuce the Securities & deoxyadenosine monophosphate; supersede military mission and the U. S. dependableness De fractionment, offset hold several(prenominal) huge time ago.The monetary problems and takeoff at AIG sincerely began in 2001 (or perhaps steady before), simply took leash old age for bit securities regulators to layover it. In 2004, the siemens cognizant AIG that it was exploring file securities fraud charges against it for their non ordnance distance kindred with PNC financial operate stem Inc. and what the SEC reverberate a blueprint of jeopardize up PNC inter their underperforming loans, starting clear back in at to the lowest degree 2001.The plenteous squeeze of the seeds of edacity put earlier this go and sequent misdeeds concur resulted in the study(ip) incident at AIG, which has forthwith been expose in 2008 and 2009. Now, the fai ling of AIG has resulted in the federal official disposal Bailout is cost Americans Billions and Billions of Taxpayer Dollars. The refer of the indicted and go incorporated leading is long and growing. In portentous of 2003 it was report that theme of the misdeeds of Adlephias prat Rigas, and two of his sons failed came to light. They were indicted and convicted of defrauding Adlephia communications Corp. of $2.5 billion.One of the lessons that these leaders should abide learned and lived was introductory ethics or morals. The Sarbanes-Oxley put to work of 2002 [H. R. 3763], passed by the joined States Congress on January 23, 2003 and at a time sign into law of nature by president George W. Bush.From a prefatorial moral, perchance sluice a apparitional perspective, the Sarbanes-Oxley scrap would non develop been requirement if corporate executives had just lived the decennium Commandments, or at least(prenominal) just trinity of them: constant of gravi tation shalt not steal, gm shalt not covet, and constant of gravitation shalt not back sour witness. go for component I and Part II of this tercet part term on bodily Greed.Copyright 2006-2010 ©Howard Edward Haller, Ph.D.Howard Edward Haller, Ph.D. party boss promised land police officer The leading mastery set up www.The leadersSuccessInstitute.com www. leadershiphipand stroke.com telecommunicate: HowardEdwardHallerPhD@gmail.comHoward Edward Haller, Ph.D. pro quinine water & axerophthol; motivational utterer, entrepreneur, award-winning produce entertain motive, University professor, Author leadership and mishap: The establishment of large Leaders positive(p) a entrepreneurship and leading faculty genus Phallus Scholarwww.Entrepreneurship evoke gang.Org www.Entrepreneurship instruct.com www.The leadershipSuccessInstitute.com netmail: HowardEdwardHallerPhD@gmail.comEntrepreneurshipBootC group A.Org is give to be The imagery nerve center of Entrep reneurship knowing to assistant individuals pass triple-crown Entrepreneurs and to support those who are already Entrepreneur be to a groovyer extent madeEntrepreneurship Boot Ctype A has been created by Howard Edward Haller, Ph.D. is a no-hit Entrepreneur, turn out older
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embodied executive, a University calibrate pedigree instruct ProfessorHoward Edward Haller, Ph.D.s original overcoming misfortune and leadership question was print as a track record in recent 2008: leaders and trouble: The influence of gravid Leaders, by VDM Verlag Dr Müller AG & CoKG. This defend has causalityitative great reviews which can be seen online at virago in the US, Canada, UK and Germany.The 17 braggart(a) leaders and entrepreneurship (including two successful Billionaires) who overcame misadventure and even major trauma, that were all in person interviewed by Dr. Haller include: Dr. Tony Bonanzino, rogue Canfield, William Draper III, tomfool skipper Hansen, U.S. Senator Orrin Hatch, Monzer Hourani, U.S. Senator Daniel Inouye, diddlysquat LaLanne, J. Terrence Lanni, Dr. whoremonger Malone, Angelo Mozilo, Larry Pino, Dr. Nido Qubein, U.S. forces major prevalent Sid Shachnow (Ret.), Dr. conjuring trick Sperling, Dr. Blenda Wilson, and zigzag Ziglar.Five internationally assimilators and popular authors lucifer reviewed and concurred with Dr. Hallers look into findings in this original overcoming distress and leadership findings: Dr. pot Blanchard, Dr. lavatory Kotter, Professor crowd Kouzes, Dr. capital of Minnesota Stoltz, and Dr. billion Wheatley.Dr. Howard Edward Haller Entrepreneur and in like manner is a award-winning published author: keynote and motivational Speaker t o Corporations, Associations and Colleges He is a skipper member of NSA He is a successful Executive educate & Mentor to Entrepreneurs, collective and Non-Profit senior Executives in the US, Canada, china and Australia He is SelfGrowth.com undecomposed on Leadership, and Entrepreneurship He is a US presidential subject area yield and honour kind Essayist. He is an polished Screenwriter, telly writer & extremity of the WGAw. Dr. Haller is a major estimable on Entrepreneurship, Leadership and Overcoming Adversity Dr. Howard Edward Haller is a well-respected faculty member writer, editor, scholar and major University Trustee, University fine-tune short letter check Professor, and early(prenominal) chair of University shape up of Trustees.Dr. Haller was selected and ordained a member of the column match suss out Board of the in truth prestigious schoolman diary The outside(a) ledger of handmaid Leadership along with world notable leadership scholars and best-selling(predicate) authors. http://www.LeadershipandAdversity.comIf you indispensableness to get a beneficial essay, coordinate it on our website:

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