Boiler Room Boiler room is a story about a college dropout name of Seth. He likes the feeling of earning fast money, therefore he decided to quit school and start an underground casino in his apartment with a few of his friends. However, his father, who is a federal judge, finds out about the casino. His father then commends him to close down the casino and search for a real job. Seth wants to regain respect and approval from his father, and fortunately he got introduce to a stockbroker company J.T. Marlin. Seth has a great talent in this job and he becomes the best trainee in the firm. He works under the senior brokers, and starting to adapt to the “Always be closing” philosophy, which means he never take no as the answer and will keep convincing the customers until he objective is reached. Very soon, Seth becoming a successful broker and neglect all the unethical issues he is committing. He not only sells stocks to the rich “whales”, he also drags the poor workers that can barely afford a new house into the scam. Unfortunately, Seth discovers the truth about the numerous stocks sold by the firm and realizes J.T. Marlin is a boiler room that sells non-profitable stocks. And start to realize that all these times he is forcing customers to buy something that they don’t want or cannot afford. There are quite a few of unethical dilemmas throughout the movie. First of all, Seth and his firm are selling non-profitable stocks to rich people that are interested in high return investment. Moreover, J.T. Marlin teaches their employees to tell untrue statement about the stock and the company in order to attract the clients’ interest toward the stocks. The drug that helps infants to develop is one of the examples they mention in the movie. Also, at the middle of the movie, once the brokers see the rip increase, they will try to push the customers even harder in order to make a fortune for themselves. Furthermore, the more skillful Seth becomes, the more we can see Seth
Boiler room. A boiler room is a location used by con artists to contact potential victims out-of-the-blue -- an approach known as cold calling -- in an attempt to sell high-risk investments that may or may not be legitimate.
Boiler room scammers typically use high-pressure tactics to close an immediate sale and are unwilling to provide written information about either the investment they are pushing or themselves.
A morally decent college dropout finds himself at conflict with his….
The Boiler Room
The movie The Boiler room is about a young man who has dropped out of Queens College and wants to please his father, who is a federal judge who is extremely harsh. At his father 's persistence, Seth Davis closes down a casino he operated in his house for college students and seeks a new job. Thinking he would be pleasing his father he takes a job at a small brokerage firm called JT Marlin. At JT Marlin trainees make cold calls to lists of well-paid men, and then apply high-pressure….
Boiler Room Ethical Analysis
A. Have you ever worked for a company or individual you believed was unethical?
B. In the moving Boiler Room, there are several different characters displaying unethical behavior including JT Marlin the Corporation, Seth and Chris.
I. JT Marlin Corporation
A. JT Marlin unethically sells stock
1. Sells stock for product that don’t currently exist
2. Pays 4x the commission allowable by law
3. Won’t sell stock to women….
In business today, there are opportunists that will attempt to take advantage of a situation for personal and monetary gain. The movie”Boiler Room” is one such example of these opportunists taking advantage of others. The movie focuses around the main character, Seth Davis, a young man who has made thousands of dollars running an underground casino out of his house. His father, who is a federal judge, finds out about the casino and tells him to close down the casino and search for a real job. Seth….
Andrea T. Garcia August 16, 2010
ADSALES K31 Quiz
Dilemmas, in general, happen when conflicts arise, which the process of resolving such cause an amount of confusion towards one’s beliefs and values. In the movie Boiler Room, conflicts were apparent from the firm’s setting and from the main character himself which both led to ethical and moral dilemmas. One of those was the clear absence of social responsibility of JT Marlin to its customers as they used deception to get ahead of everyone….
22 January, 2009
Boiler Room Analysis
A Primary Stakeholder is defined as those who are necessary for a firm to survive. A Secondary Stakeholders are not essential for the firm’s survival, and are not typically involved in any transactions with a company. The stakeholders affiliated with J.T. Marlin included the head bosses of the firm, as well as all the brokers. The clients of the firm, those who were investing their money in illegitimate companies, are also considered….
Business ethics issues in the movie "Boiler room"
Business comprises principles and standards that guide behavior in the world of business.
Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Judgments of these groups influence society's acceptance or rejection of a business and it's activities.
Every business has a social responsibility toward….
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