1. Explain the possible problems in the ethical culture of the Red Cross that created the issues discussed in this case. One of the possible problems in the ethical culture of the Red Cross that creates issues is because it is a charitable organization‚ its leaders have assumed that all employees and volunteers will act ethically. Although this has been disproven many times recently‚ the Red Cross still has not taken all necessary steps to ensure that it is truly a socially – conscious and ethically
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COMMENT EXECUTIVE COMPENSATION DURING ECONOMIC TURMOIL Student[1] I. INTRODUCTION The economic downturn in late 2008 brought forth the resurgence of an interesting topic - executive compensation. This topic was bound to bring much controversy as a result of the dramatic increase in executive compensation over the last decade[2] and the recent massive failure of many large companies.[3] Adding to the public interest was the 2008 United States Presidential Election‚ which
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The American Red Cross The American Red Cross is an organization created to provide care for those in need. The Red Cross is involved with disaster relief‚ responding to approximately 70‚000 disasters in the United States every year; they support America’s military families‚ helping an average of 150‚000 military families and veterans annually. The Red Cross is also the largest supplier of blood in the U.S.‚ and the nation’s leading provider of health and safety courses. The American Red Cross played
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Carlos Hofmeister January 10‚ 2005 Ms. Rivera/ Health Education Class The American Red Cross It is important to know how the Red Cross began. It was in June 1859 when Henry Dunant went to Solferino‚ north of Italy. He was a spectator of a small but bloody war. French and Italians had a battle against Austrians. There were more or less 40‚000 victims. He was completely horrified with the scene. He interrupted his trip to help the hurt and organized volunteers to save lives. When Henry
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Running head: THE AMERICAN RED CROSS The American Red Cross Dr. Victor Oladapo Ethics and Advocacy for HR Professional The American Red Cross 1. Determine impact of this event on ARC’s “benefits of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction the‚ and bottom line). Ferrell and Fraedrich (2011) states that‚ “business ethics relates to rules‚ standards‚ and moral principles regarding what is right or wrong in specific
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ISSN 1045-6333 HARVARD JOHN M. OLIN CENTER FOR LAW‚ ECONOMICS‚ AND BUSINESS EXECUTIVE COMPENSATION AS AN AGENCY PROBLEM Lucian Arye Bebchuk and Jesse M. Fried Discussion Paper No. 421 04/2003 Harvard Law School Cambridge‚ MA 02138 The Center for Law‚ Economics‚ and Business is supported by a grant from the John M. Olin Foundation. This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The
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Finance A Short Summary On Executive Compensation as an Agency Problem INTRODUCTION: This paper is briefly written on some important elements and points depicting the involvement of the managerial power over the executive compensation. This paper not only illustrates the problems created by the managerial power or the agency problem in between the managers and the shareholders but also reflects that’s the executive compensation is a problem by itself. Issues that have been focused for describing
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MEANING OF EXECUTIVE COMPENSATION Executive Compensation is defined as a financial compensation received by an executive of a firm. It typically includes elements like salary‚ bonuses‚ shares‚ stocks benefits etc. In simpler words it is a legal agreement between two consenting adult parties. It is an important aspect of Corporate Governance and is determined by the board of directors. In spite of being voluntary agreement these compensation benefits are condemned of being unjust and non transparent
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What is organizational structure An organizational structure consists of activities such as task allocation‚ coordination and supervision‚ which are directed towards the achievement of organizational aims. It can also be considered as the viewing glass or perspective through which individuals see their organization and its environment. Organizations are a variant of clustered entities. An organization can be structured in many different ways‚ depending on their objectives. The structure of an
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movement the American Red Cross offers care and hope to victims of war‚ poverty and natural disasters‚ and‚ as such it is with great anticipation that I will undertake the task of researching from various sources‚ and presenting its history‚ philosophy‚ mission‚ vision and value statement. Among this‚ I will briefly describe the culture of the organization‚ noting whether the organization’s espoused values align with its enacted values. I will also address the extent to which organizational culture is
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