This website uses cookies to ensure you have the best experience. Learn more

Csr And Psychopathy Essay

1792 words - 8 pages

There have been four serious financial crises and countless more corporate scandals with global implications in just the last decade. All of them driven by greed and corruption, all of them led by dynamic, charismatic business leaders who initially showed fantastic promise, innovation and financial leadership. And it seems with the most recent of these crises, many of the key players in the 2008 global recession have not only not been punished, but are still in the same positions of power and able to continue their transgressions. Here are some interesting highlights of the last decade: Enron scandal (2001): Andrew Fastow the CFO of Enron along with Kenneth Lay the Chairman ...view middle of the document...

 It involved Fannie Mae/Freddie Mac (bailout cost 224­260 billion), the collapse of Bear Stearns and Lehman Brothers, two of the five biggest investment banks, and forced the remaining three to significantly change with Merrill Lynch being sold to BoA, and both Goldman Sachs and Morgan Stanley forced to become bank holding companies. In addition insurer AIG was almost brought to collapse as well. Sadly, indicative of the decline in governance, not one person is brought to justice, not even the rating agencies that were clearly complicit in the fraud. While some of these crises would create legislation and governance in the U.S. to curb the ethical lapses that led to these losses with both the Sarbanes­Oxley act of 2002 and the Dodd­Frank act of 2010, it’s clear that with 23 major accounting scandals in just 2002 alone, the ethical flaws are systemic. And given that players like Henry Paulson, the former CEO of Goldman Sachs is given the US Treasury Secretary’s position but forced to liquidate, conveniently exploiting a tax­free public service loophole, $700 million of his holdings in Goldman Sachs for “compliance”, even the feeble attempts at governance have clear conflicts of interest. It is interesting to compare this to the 2006 sale of Shin Corp to Temasek Holdings which netted the Shinawatra and Damapong families $1.88 billion in a capital gains tax­free sale and led to the

ousting of former Thai Prime Minister Thaksin Shinawatra. In just 10 years, the four scandals listed above combine to create over $700 billion USD in losses, that’s the national GDP of Thailand or Singapore for more than 2 years. More than 230 million people globally or the equivalent of 76% of the population of the United States would lose their jobs by 2009 alone or 80,000 workers per day at one point. How? Why? In reading Ron Jonson’s “The Psychopath Test: A Journey Through the Madness Industry”, journalist Ron Jonson reflects on the recently developed Hare Psychopathy Checklist and decides to use it as a litmus test for political and business leaders that have inflicted grievous damage in ethical or corrupt scandals. Ron decides to investigate former CEO Albert J Dunlap, a famous  “turnaround specialist” notorious for his ruthless corporate streamlining methods, and appropriately nicknamed “Chainsaw Al”, who had run Sunbeam­Oster into the ground with $60m in fraudulent accounting out of their $180m in revenue. Dunbar would demand and receive from the board a very large severance in addition to the $100M he had already received in compensation for only 20 months of employment. With the new Hare Psychopathy Checklist in tow, Chainsaw Al, failed the test miserably. What’s interesting to note here is that as Dunbar was being interviewed and examined through the psychopathy checklist, he consistently explained how each of the common telling psychopathic traits were not bad qualities, but clearly...

Other Papers Like Csr And Psychopathy

Jail Responsibilities Essay

589 words - 3 pages Jail Responsibilities Monique Priorello September 23, 2012 One of the main responsibilities of a jail is to give the officers the correct “Police Correspondence” courses. This is because these courses give the officers the effective basic training that they need to do things such as; Writing of Memoranda, Police Reports, and Civilian Letters. What needs to be done first is make sure that there are NO errors. This means in

Mgt330 Essay

638 words - 3 pages experience for the people who visit the stores and make perfect beverages. Within this paper I will - 2 - [no notes on this page]discuss and answer the four questions asked from the case student in Chapter three about Starbuck’s structure. The job description that I choose to explain is that of a Baristas. As a Baristas, a person will be the face of the company being that they are the first person seen when customers walk in. Delivering great

Fight Club

917 words - 4 pages Fight Club is a story of the narrator’s struggle to gain control over his life. He is in search for an identity in the form of manhood. His masculinity is so repressed because of the absence of a father figure in his life. Because of this he creates Tyler, his alternate personality. Tyler is nothing like anyone the narrator has met, he is self assured and completely free. The narrators alternate personality Tyler Durden is the ultimate alpha

The Powers Of The Health And Safety Representative

254 words - 2 pages The Powers of the Health and Safety Representative A health and safety representative has the power to: Identify Workplace Hazards The health and safety representative has the power to identify workplace hazards. This power is usually exercised by conducting workplace inspections. Obtain Information from the Employer The health and safety representative is entitled to the same information available to a joint committee member. Under the Act

Lesson Plan

6476 words - 26 pages QWERTYUIOP by Vivien Alcock Table of Contents Introduction About Short Stories The Writer Synopsis Elements Activities Beyond The Text Assessment Answer Key Glossary Panel of Writers [pic] SHORT STORY Welcome to the World of Literature and to Short Stories! We hope you will enjoy working with this guidebook, which has been specially designed to help you prepare your students enjoy the Literature

Management

1227 words - 5 pages Coca-Cola Global Business and Marketing Strategy Introduction As domestic markets mature, it is becoming more and more fashionable for organisations to seek growth through opportunities in foreign countries. Faster communication, new technologies and improved transport links are making international markets more accessible and businesses pursuing a global position can experience an upsurge in brand awareness and cost effectiveness. Global

Facing Poverty With A Rich Girl's Habit

783 words - 4 pages Facing poverty with a rich girl’s habit Adele Strader Professor Chryst English Composition October 22, 2012 Facing poverty with a rich girl’s habit was written by Suki Kim and published in the New York Times on November 21, 2004. The most important point that Suki want to make was that (1) what we have in life can be taken away in an instant (2) do not go bankrupt in South Korea (3) that a person must adapt and endure

3-4-50 Paper

572 words - 3 pages -4-50 paperLack of exercise is a key contributor to disease and death among many people in the United States, regardless of age. It is a well-known fact that exercise results in a healthier lifestyle. Along with tobacco use and poor nutrition, lack of exercise is one of the main issues that people have which leads to high blood pressure, obesity, and other serious health problems. According to a study by UCSD School of Medicine and SDSU

Capitalism

836 words - 4 pages Miguel Beatrice Capitalism is an economic system in which private individuals and business firms carry out production and exchange of goods and services through complex transactions involved in prices and markets. By extension called capitalist higher social class of this economic system ("bourgeoisie"), or to the common form would the individual interests of capital owners in both companies, shareholders and patterns, also called capitalism

Sociology

1177 words - 5 pages is negative: they’re seen as lazy, drug users, alcoholics, and worthless. This study recovers some of the homelessness perspective for an American audience through research, data, and an interview by a homeless person living in Georgia. This study will allow explanations and will challenge three widely held assumptions of the homeless people living in America: 1) Homeless people are lazy; 2) Homeless people are all drug and alcohol users and

Mental Health Community Service Essay

509 words - 3 pages population that the agency serves is those with financial difficulties. They may have lost their job or had an unexpected expense where their car needed repaired. Identify the services provided by the agency. They rarely see the homeless population. Identify the services provided by the agency. The services provided by the agency are food services and clothing. Most clothing items are from donations. They will also help with $100.00 of your

Related Essays

Lafarge S.A Essay

2924 words - 12 pages happiness of the affected employees through a meticulous and well-planned approach. The intrinsic motivation identified in this case would be the inherent desire by the corporation to uphold their values despite the possibility of circumventing the costs of setting up such a program as described in the case. Furthermore, its a classic case of corporate goodwill for a firm to embark on a CSR program in a scale as that done by Lafarge at the Tetouan

Finance Essay

665 words - 3 pages Financial statements are the most common tool used for making business decisions. They consist of the balance sheet, income statement and statement of cash flows. The analysis tools used affect all aspects of a company not just a few. A systematic review of the resources a company used to achieve its mission is cost control. Cash flow should be kept at necessary levels for operations is one of the major benefits of cost control. It is a very

Analysis Of Operation Blue Star And Its Effects On The Gandhi Dynasty

934 words - 4 pages The period of time including and following Operation Blue star is considered a dark time in India and black spot in Indian history. It is a time Indian would rather forget, yet still to this day debate about. Was Indihar Gandhi correct in instating operation Blue Star, inflicting damage to the Golden temple, and being responsible for the killing of anywhere from 492 (official reports) to 1500 (estimates run as high as) civilians, which lead to

Regretful Decisions Essay

930 words - 4 pages stay with his fiancée Isabel and her family while he was in the military as well as not accepting Sonny’s not accepting Sonny’s decision to become a musician. While making his first steps, young Sonny ran and fell into the arms of his older brother. Sonny running and falling into the arms of his brothers arms symbolizes the relationship between the two. This demonstrates brotherly love in that it reflects how Sonny’s older brother is supposed to