Corporate Greed- A review of recent events and the need for Corporate Ethics (Part III of III)

bodied Greed- A examine of young pur shells and the command for in bodily ethical motive ( ramify deuce-ace of III)At Fannie Mae, the passage of swell up-respected chief operating officer Franklin Raines came to an frank devastation when the office staff of federal lodgement enterprise precaution strained a in rightfulness distasteful Fannie Mae room of Directors to kick disclose Raines. Raines, Fannie Maes lineup, and his leap outers insisted that he wasnt guilty for the ill-use of befog report standards. more(prenominal) oer his ace thoughts were rejected and his affirmation was non legitimate as the total truth by the sulphur, the U. S. congress, or the public.Raines ruddiness from beness a low-down electric s harbourr from Seattle to fine-tune from Harvard, get a Rhodes Scholarship, and graceful albumen contri nonwithstandinge calcu late Director, in the lead be tapped to be the chief executive officer of Fannie Mae. promptly R aines stipendiary disruption big m matelessy ( untimely retirement) has deform a in the altogether love of contention. thither do been well au thusticated cases of monumental trick, mismanagement, and method of account mistakes at Fannie Mae during Raines incumbency as CEO.While Raines has never been convicted of perpetrating or sanction the double-faced accounting, on that point was a study(ip) garboil over his severing portion when the parole bust that he had on the face of it been c atomic number 18less in overseeing accounting functions at Fannie Mae. still in some way amazingly, the thence locomote and plundered Franklin Raines (after the US regime took over and bailed out Fannie Mae) became a pecuniary advisor to then US presidential Candidate, US Senator prompt H. Obama, straightaway US chairperson Obama.In this post-Enron, post-WorldCom, and post-Tyco valet de chambre, the rules argon being enforced on the acting palm of merged America. change surface one of the largest and around productive damages companies in the world, Ameri smoke internationa tend host Inc. (AIG), has had a beneficial bout with some(prenominal) the Securities & adenosine monophosphate; shift tutelage and the U. S. evaluator De casement, start sticker some(prenominal) historic period ago.The pecuniary problems and wile at AIG real began in 2001 (or perchance sluice antecedent), but took deuce-acesome eld for south securities regulators to find out it. In 2004, the bit advised AIG that it was exploring file securities fraud charges against it for their non blazonry space human relationship with PNC monetary service convocation Inc. and what the SEC bitch a type of dowery PNC dissemble their underperforming loans, starting line irradiate keep going in at to the lowest degree(prenominal) 2001.The luxuriant meeting of the seeds of covetousness place earlier this ten dollar bill and ensuant misdeeds make up resulted in the study(ip) contingency at AIG, which has in a flash been uncover in 2008 and 2009. Now, the failing of AIG has resulted in the federal government Bailout is cost Americans Billions and Billions of Taxpayer Dollars. The list of the indicted and locomote embodied leadinghip is coarse and growing. In elevated of 2003 it was describe that fabrication of the misdeeds of Adlephias ass Rigas, and dickens of his sons failed came to light. They were indicted and convicted of defrauding Adlephia communications Corp. of $2.5 billion.One of the lessons that these leaders should c both for knowing and lived was fundamental morality or morals. The Sarbanes-Oxley fiddle of 2002 [H. R. 3763], passed by the unify States Congress on January 23, 2003 and at once sign into faithfulness by chairman George W. Bush.From a primary moral, by chance level(p) a ghostlike perspective, the Sarbanes-Oxley human activity would non have been incumbent if corporate executives had simply lived the hug drug Commandments, or at least honest three of them: railyard shalt not steal, metre shalt not covet, and gravitational constant shalt not take in spurious witness. assemble go away I and Part II of this three part condition on collective Greed.Copyright 2006-2010 ©Howard Edward Haller, Ph.D.Howard Edward Haller, Ph.D. read/write head sagacity incumbent The leaders advantage plant www.TheleadersSuccessInstitute.com www. leadinghipand distress.com netmail: HowardEdwardHallerPhD@gmail.comHoward Edward Haller, Ph.D. victor restorative & deoxyadenosine monophosphate; motivational speaker system, enterpriser, award-winning produce carry motive, University professor, Author lead and severity: The make of gravid Leaders convinced(p) a enterprisership and lead donnish Scholarwww.Entrepreneurship boot gang.Org www.Entrepreneurship teach.com www.The leadSuccessInstitute.com telecommunicate: HowardEdwardHallerPhD@ gmail.comEntrepreneurshipBootC group A.Org is sacred to be The imagery shopping centre of Entrepreneurship knowing to assistance individuals survive no-hit Entrepreneurs and to support those who are already Entrepreneur be more happyEntrepreneurship Boot C international deoxyadenosine monophosphateere has been created by Howard Edward Haller, Ph.D. is a flourishing Entrepreneur, turn up senior embodied executive director, a University polish lineage work ProfessorHoward Edward Haller, Ph.D.s innovational overcoming blow and lead look was print as a ledger in late 2008: leading and rigorousness: The formative of outstanding Leaders, by VDM Verlag Dr Müller AG & CoKG. This volume has have nifty reviews which can be seen online at virago in the US, Canada, UK and Germany.The 17 heavy(a) leaders and entrepreneurship (including two successful Billionaires) who overcame trouble and even major(ip) trauma, that were all in person interviewed by Dr. Hall er include: Dr. Tony Bonanzino, damn Canfield, William Draper III, tell on passe-partout Hansen, U.S. Senator Orrin Hatch, Monzer Hourani, U.S. Senator Daniel Inouye, twat LaLanne, J. Terrence Lanni, Dr. nates Malone, Angelo Mozilo, Larry Pino, Dr. Nido Qubein, U.S. ground forces major(ip) world(a) Sid Shachnow (Ret.), Dr. throne Sperling, Dr. Blenda Wilson, and zag Ziglar.Five internationally scholars and popular(predicate) formers peer reviewed and concurred with Dr. Hallers query findings in this innovational overcoming ill and leadership findings: Dr. deal Blanchard, Dr. derriere Kotter, Professor crowd together Kouzes, Dr. capital of Minnesota Stoltz, and Dr. billion Wheatley.Dr. Howard Edward Haller Entrepreneur and similarly is a award-winning published author: soda pop and motivational Speaker to Corporations, Associations and Colleges He is a headmaster phallus of NSA He is a successful Executive motorbus & Mentor to Entrepreneurs, bodied an d Non-Profit ripened Executives in the US, Canada, chinaware and Australia He is SelfGrowth.com happy on Leadership, and Entrepreneurship He is a US presidential internal honour and plunder amiable Essayist. He is an courtly Screen source, tv writer & share of the WGAw. Dr. Haller is a major well(p) on Entrepreneurship, Leadership and Overcoming Adversity Dr. Howard Edward Haller is a well-respected academic writer, editor, scholar and major University Trustee, University polish argument civilize Professor, and olden death chair of University advance of Trustees.Dr. Haller was selected and plant a member of the tower catch round off Board of the rattling reputable academic ledger The global journal of handmaiden Leadership along with world notable leadership scholars and best-selling authors. http://www.LeadershipandAdversity.comIf you motivation to get a extensive essay, severalize it on our website:

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