When corruption occurs it damages the reputation of the employees and the business. Society relied upon this firm to assist in making them money but the firm was more concerned with their bottom line. Many of the individuals doing business with these firms lost their life savings and destroyed some of the trust that investors have with the Wall Street firms. It makes people have second thoughts about investing in the stock market. Another effect this unethical behavior had on these organizations been they agreed to pay a penalty of over $1.43 billion dollars as compensation to the victims.
The communities were these jobs were lost have been devastated. Families’ lively hoods have been broken, retirement pensions are questionable, and the revenue this company generates for the city in which it resides. According to CNNMoney.com the company has asked for an extension for the liquidation of their inventory until March 31 and they are only waiting for the courts approval. If this does not succeed stakeholders, stockholders, investors, and suppliers would be affected alike. Ethically I found it hard to believe that this happening in the United States and that our economies have become so terrible that the Circuit City’s in Canada are not closing and their profits are up.
The idea was to protect the owners of companies from lawsuits. Actually the rich saw it as a way to lower their taxes, fool the uneducated, and to be irresponsible for their cheating and lies. Wal-Mart, which started out selling all American made products, soon started selling products made in sweatshops in foreign counties and we the people did not care and we scooped up the bargains. Now, these Super Corporations, who answer only to the board members and owners, cut the employees pay, use part timers to avoid benefits and count their billions while families are starving. We the people allowed these corporations to get the upper
The blogs he wrote made people lose a lot of money. He may not know what means to manipulate the stock market since he was too young. the S.E.C suited him for stock graud('33-7891") because the S.E.C stood in the side of law, which means there was no exceptions no matter age, sex or race. Also, his father supported him while he was breaking the law. He lied, made people lost money and even made chaos in stock market.
The reason for the people selling all of their stocks at the some time is too complex to explain in the introduction. When they did sell, the buyers would only buy at an extremely low price. Because of this imaginary price drop, the stocks used as collateral for loans were now worthless (in the eyes of the people and the bank owners) and so they demanded real money. The people had plenty of this, but all of it was in stocks...that were rapidly dropping in value because of some ignorant, greedy and bewildered stockholders were buying their stocks for low prices. As soon as everyone found out (thought) the stocks were worth much less, everyone sold and additional cash was needed to pay off all of their debts.
Executives and insiders knew about these offshore accounts that were mainly used to hide losses with the investors completely left in the dark. As a result their stock price was driven up. In their fallout, company executives began to liquidate their assets, trading millions of dollars worth of Enron stock. As the scandal unraveled, shares in Enron dropped from $90.00 to merely just pennies. The liquidity of most of Enron’s assets was apparent when the company reported its third-quarter results on October 17, 2001 as negative due to one-time charges of over $1 billion.
Here's a ton of cash, why don't you have some?" Eventually FDR was able to create a Hollow Economy, a state in which the economy appears to be flourishing, but in reality, the rich are getting richer, and the poor poorer. Although the WPA and NRA both did a great job of decreasing unemployment, they also did a great job of taking our riches. So how does all of this affect us? Well, it's simple.
They never have a doubt about the governance, the system. They have no idea of understanding the freedom Hank implies to them. Hank meets a bunch of freemen on his journey.
We have downfall and then we pick things back up and everything gets better. But , just when things get better, it happens to get worse again. Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression. Two months after the original crash in October, stockholders had lost more than $40 billion dollars.
Employment assurance wavered due to the negligence of the organization failing to adhere to policy and procedures which resulted in employees and volunteers practicing deceitful and unethical things. Investor loyalty was severely damaged by inside personnel stealing donated funds and financial misconduct of company records. Customer fulfillment was depleted based on the untimely actions of the American Red Cross along with the consumer fraud, and the organization attempting to deceive the donor’s for their own personal gain. Today’s business world needs leaders who can make ethical decision while making sure the action can have a lasting effect on the organization as a