ETHICS
Throughout history, there has been an inherent conflict between honesty and profit in business. One the one hand, businesses, like individuals, strive to maintain their personal ethics and honesty in conducting business. However, in order to succeed and remain in business, companies must be profitable. Although businesses often start out maintaining and promoting ethical and honest conduct, often times, the lure of greater potential profits becomes too strong and individuals and companies find themselves compromising their personal beliefs out of greed. Corporate scandals like those involving the Savings and Loans, Michael Milken, Enron, Global Crossing, and WorldCom (among others) serve as invaluable reminders that corporations, like humans, are flawed and without proper oversight, may be susceptible to ethical failures.
This paper analyzes and examines whether honesty in business...
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