Questions WK 6
What was the culture at Lehman Brothers like? Risk takers putting it all in one little basket, A wolf that saw meat in its den. Borrowing large amount of money they cannot pay back. Making deals without a thought. How did this culture contribute to the company’s downfall? The bothers become blind in the head without thought. Borrowing money they were not even going to pay back and investing in the market without reach. The brothers were taking in large amount of cash as a loan to make a risky in business outreach with nothing to grab.
What role did Lehman’s executives play in the company’s collapse? Playing on the business money and placing it in a market that was to turn down ward insight of a year (house). Where they being responsible and ethical? Discuss.
After all the public uproar over Enron and then the passage of the Sarbanes-Oxley Act to protect shareholders, why do you think we still continue to see these types of situations? People are sick of working for nothing and to get their paws on any money other than their own is easily to spend down the road with hope they won’t get caught. In a word “entitlement” Is it unreasonable to expect that businesses can and should act ethically? In a perfect world people would hope businesses can act ethically but not everyone has integrity about them. Some people have an inch for business and others may have an inch for money.
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