PHL 323: Current Ethical Issues In Business
Current Ethical Issue in Business Paper
PHL 323 - Ethics in Management
Dr. Rose Safir
Week 3 Assignment
Ruben Siles February, 23 2009 Current Ethical Issue in Business The importance of having ground rules in an organization is critical for the well being of the organization on for it client. The ground rules allow the organization to build its reputation among other competitor companies. These ground rules also leads to prioritize the organization ethical behavior and this will also lead the organization to have a strong reputation that will set the organization to be one of the most reliable organization among other competitors. Is evident that some organizations have strong ethical values than others; in this paper …show more content…
"Part of what led our economy to this perilous moment was a sense of irresponsibility that prevailed from Wall Street to Washington… That's why I called for a new era of responsibility in my inaugural address last week." Obama said after the closed-door meeting (Shear, 2009). Honesty, is the main ground rule for ethical decision, and in the article shows that the rule was broken by Wall Street executives and president Obama clearly point this out…"part of what we are going to need is for folks on Wall Street, who are asking for help, to show some restraint and show some discipline and show some sense of responsibility… There will be time for them to make profits, and there will be time for them to get bonuses…now's not that time. And that's a message that I intend to send directly to them (Shear, …show more content…
Michael R. Splinter, chief executive of Applied Materials, a Silicon Valley company best known for building machinery that makes computer chips, said in an interview after the meeting that the president did not raise his concerns about executive compensation.
"We really didn't get off into any side things about car-company guys taking jets or stuff like that," Splinter said. "I mean, because he knows that, you know, we're all working hard to improve our companies, and if we improve our companies it will be a big part of the economy improving.
A lot of the GDP was represented in the room today." Obama "didn't raise his frustration, and we really stayed focused," Splinter added. "Once the press left, we really got down to business very fast."
Instead, Splinter described the meeting as a "candid" exchange about the struggles that some of the country's biggest businesses face. The core businesses for Applied Materials "have slowed down dramatically," Splinter said he told Obama, citing lower demand, lack of confidence and the tight credit
PHL 323 - Ethics in Management
Dr. Rose Safir
Week 3 Assignment
Ruben Siles February, 23 2009 Current Ethical Issue in Business The importance of having ground rules in an organization is critical for the well being of the organization on for it client. The ground rules allow the organization to build its reputation among other competitor companies. These ground rules also leads to prioritize the organization ethical behavior and this will also lead the organization to have a strong reputation that will set the organization to be one of the most reliable organization among other competitors. Is evident that some organizations have strong ethical values than others; in this paper …show more content…
"Part of what led our economy to this perilous moment was a sense of irresponsibility that prevailed from Wall Street to Washington… That's why I called for a new era of responsibility in my inaugural address last week." Obama said after the closed-door meeting (Shear, 2009). Honesty, is the main ground rule for ethical decision, and in the article shows that the rule was broken by Wall Street executives and president Obama clearly point this out…"part of what we are going to need is for folks on Wall Street, who are asking for help, to show some restraint and show some discipline and show some sense of responsibility… There will be time for them to make profits, and there will be time for them to get bonuses…now's not that time. And that's a message that I intend to send directly to them (Shear, …show more content…
Michael R. Splinter, chief executive of Applied Materials, a Silicon Valley company best known for building machinery that makes computer chips, said in an interview after the meeting that the president did not raise his concerns about executive compensation.
"We really didn't get off into any side things about car-company guys taking jets or stuff like that," Splinter said. "I mean, because he knows that, you know, we're all working hard to improve our companies, and if we improve our companies it will be a big part of the economy improving.
A lot of the GDP was represented in the room today." Obama "didn't raise his frustration, and we really stayed focused," Splinter added. "Once the press left, we really got down to business very fast."
Instead, Splinter described the meeting as a "candid" exchange about the struggles that some of the country's biggest businesses face. The core businesses for Applied Materials "have slowed down dramatically," Splinter said he told Obama, citing lower demand, lack of confidence and the tight credit